3,248 Shares in The Walt Disney Company (NYSE:DIS) Bought by Wealthgarden F.S. LLC

Wealthgarden F.S. LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,248 shares of the entertainment giant’s stock, valued at approximately $322,000.

Several other hedge funds have also recently modified their holdings of the stock. Gryphon Financial Partners LLC purchased a new position in Walt Disney in the fourth quarter worth $603,000. Vise Technologies Inc. increased its position in shares of Walt Disney by 39.2% in the fourth quarter. Vise Technologies Inc. now owns 3,761 shares of the entertainment giant’s stock valued at $340,000 after buying an additional 1,059 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of Walt Disney by 36.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,634 shares of the entertainment giant’s stock valued at $148,000 after buying an additional 433 shares in the last quarter. Wade G W & Inc. increased its position in shares of Walt Disney by 4.1% in the fourth quarter. Wade G W & Inc. now owns 62,582 shares of the entertainment giant’s stock valued at $5,650,000 after buying an additional 2,461 shares in the last quarter. Finally, Guardian Capital LP increased its position in shares of Walt Disney by 34.6% in the fourth quarter. Guardian Capital LP now owns 27,956 shares of the entertainment giant’s stock valued at $2,524,000 after buying an additional 7,185 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James dropped their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Moffett Nathanson dropped their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, Macquarie dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Stock Down 0.1 %

Shares of NYSE:DIS opened at $88.32 on Thursday. The firm has a market cap of $160.18 billion, a price-to-earnings ratio of 96.00, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 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 stock’s 50-day moving average price is $91.39 and its two-hundred day moving average price is $102.81.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.