Tevis Investment Management Buys 3,103 Shares of The Walt Disney Company (NYSE:DIS)

Tevis Investment Management increased its stake in The Walt Disney Company (NYSE:DIS) by 16.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,112 shares of the entertainment giant’s stock after buying an additional 3,103 shares during the quarter. Walt Disney comprises approximately 1.6% of Tevis Investment Management’s holdings, making the stock its 18th largest holding. Tevis Investment Management’s holdings in Walt Disney were worth $2,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DIS. Jennison Associates LLC purchased a new position in Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors boosted its stake in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the period. Swedbank AB purchased a new stake in shares of Walt Disney during the first quarter valued at $493,715,000. Farallon Capital Management LLC bought a new position in shares of Walt Disney in the second quarter worth about $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in Walt Disney in the 1st quarter worth about $425,567,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought 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. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $95.04 on Thursday. The firm’s fifty day simple moving average is $92.93 and its two-hundred day simple moving average is $97.69. The firm has a market capitalization of $173.26 billion, a P/E ratio of 103.30, a P/E/G ratio of 1.49 and a beta of 1.40. 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 Walt Disney Company has a 12-month low of $80.18 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered 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. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

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.