Seven Eight Capital LP Acquires Shares of 32,549 The Walt Disney Company (NYSE:DIS)

Seven Eight Capital LP purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,549 shares of the entertainment giant’s stock, valued at approximately $3,232,000.

A number of other institutional investors have also recently made changes to their positions in the company. Beck Bode LLC boosted its position in Walt Disney by 4,132.4% during the second quarter. Beck Bode LLC now owns 73,982 shares of the entertainment giant’s stock worth $7,346,000 after purchasing an additional 72,234 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Walt Disney by 5.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 139,002 shares of the entertainment giant’s stock valued at $12,707,000 after buying an additional 7,718 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Walt Disney by 6.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 67,092 shares of the entertainment giant’s stock worth $6,662,000 after buying an additional 4,349 shares during the period. Argent Trust Co grew its stake in Walt Disney by 1.1% in the 2nd quarter. Argent Trust Co now owns 65,523 shares of the entertainment giant’s stock valued at $6,506,000 after buying an additional 712 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in Walt Disney by 11.1% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 79,086 shares of the entertainment giant’s stock valued at $7,852,000 after acquiring an additional 7,877 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $92.89 on Wednesday. The stock’s fifty day moving average is $90.86 and its 200 day moving average is $102.22. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. 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 stock has a market cap of $169.34 billion, a P/E ratio of 100.97, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business 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 earned $1.03 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on DIS shares. Bank of America dropped their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie reduced their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital reduced their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Needham & Company LLC reduced their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.