Vaughan David Investments LLC IL Grows Position in The Walt Disney Company (NYSE:DIS)

Vaughan David Investments LLC IL increased its holdings in The Walt Disney Company (NYSE:DIS) by 2.5% in the second quarter, Holdings Channel reports. The fund owned 318,162 shares of the entertainment giant’s stock after purchasing an additional 7,891 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Walt Disney were worth $31,590,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new stake in Walt Disney in the first quarter worth about $31,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the fourth quarter worth about $28,000. Red Tortoise LLC lifted its stake in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter valued at about $37,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of Walt Disney during the first quarter valued at about $51,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Up 0.1 %

Shares of DIS stock opened at $88.39 on Wednesday. The stock’s fifty day moving average is $91.60 and its two-hundred day moving average is $102.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $160.30 billion, a P/E ratio of 96.08, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie decreased their price objective on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Bank of America decreased their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.95.

About Walt Disney

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.