The Walt Disney Company (NYSE:DIS) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 89.5% in the second quarter, HoldingsChannel.com reports. The fund owned 4,526 shares of the entertainment giant’s stock after acquiring an additional 2,137 shares during the quarter. Kathmere Capital Management LLC’s holdings in Walt Disney were worth $404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Advisory Solutions LLC boosted its stake in Walt Disney by 1.6% in the fourth quarter. Wealth Advisory Solutions LLC now owns 5,981 shares of the entertainment giant’s stock valued at $520,000 after acquiring an additional 94 shares in the last quarter. Compton Capital Management Inc. RI boosted its stake in Walt Disney by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after acquiring an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in Walt Disney by 2.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after acquiring an additional 100 shares in the last quarter. Alterna Wealth Management Inc. boosted its stake in Walt Disney by 4.4% in the fourth quarter. Alterna Wealth Management Inc. now owns 2,387 shares of the entertainment giant’s stock valued at $207,000 after acquiring an additional 100 shares in the last quarter. Finally, Trifecta Capital Advisors LLC boosted its stake in Walt Disney by 3.0% in the first quarter. Trifecta Capital Advisors LLC now owns 3,479 shares of the entertainment giant’s stock valued at $348,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DIS. Barclays decreased their price objective on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Raymond James assumed coverage on shares of Walt Disney in a research note on Monday. They issued an “outperform” rating and a $97.00 price objective for the company. Morgan Stanley decreased their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Finally, Citigroup decreased their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.58.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $85.58 on Monday. The Walt Disney Company has a twelve month low of $79.75 and a twelve month high of $118.18. The stock has a market capitalization of $156.59 billion, a P/E ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $85.78 and its 200 day moving average price is $91.59.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 3.68 earnings per share for the current year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.