Joule Financial LLC Purchases 593 Shares of The Walt Disney Company (NYSE:DIS)

Joule Financial LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 5.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,901 shares of the entertainment giant’s stock after purchasing an additional 593 shares during the period. Joule Financial LLC’s holdings in Walt Disney were worth $1,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. ESL Trust Services LLC bought a new position in Walt Disney during the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the second quarter valued at about $32,000. Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. Red Tortoise LLC raised its stake in shares of 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 buying an additional 215 shares during the period. Finally, First PREMIER Bank grew its stake in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Bank of America decreased their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Morgan Stanley decreased their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost 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. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 0.1 %

Shares of NYSE DIS traded down $0.05 during midday trading on Friday, hitting $96.49. The company’s stock had a trading volume of 1,532,400 shares, compared to its average volume of 10,946,340. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market cap of $175.91 billion, a P/E ratio of 104.92, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business’s 50 day moving average is $91.50 and its two-hundred day moving average is $99.22.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business 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 business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

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.