NorthCrest Asset Manangement LLC Acquires 6,548 Shares of The Walt Disney Company (NYSE:DIS)

NorthCrest Asset Manangement LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 197,449 shares of the entertainment giant’s stock after acquiring an additional 6,548 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Walt Disney were worth $18,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Legal & General Group Plc raised its stake in Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after acquiring an additional 425,438 shares during the period. Jennison Associates LLC bought a new stake in Walt Disney in the 1st quarter valued at about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Moffett Nathanson dropped their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Macquarie cut their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Down 0.4 %

Shares of DIS traded down $0.37 on Friday, hitting $95.03. 6,638,148 shares of the stock traded hands, compared to its average volume of 10,864,460. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The company has a market capitalization of $173.24 billion, a PE ratio of 103.29, a P/E/G ratio of 1.49 and a beta of 1.40. The business has a 50 day simple moving average of $92.61 and a 200 day simple moving average of $98.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the firm posted $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.