Great Lakes Advisors LLC Increases Holdings in The Walt Disney Company (NYSE:DIS)

Great Lakes Advisors LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,480,466 shares of the entertainment giant’s stock after purchasing an additional 99,577 shares during the quarter. Walt Disney comprises 1.3% of Great Lakes Advisors LLC’s holdings, making the stock its 11th largest position. Great Lakes Advisors LLC owned approximately 0.08% of Walt Disney worth $146,995,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Gold Investment Management Ltd. purchased a new position in Walt Disney during the fourth quarter valued at approximately $28,000. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the first quarter valued at approximately $31,000. Partnership Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $33,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $37,000. Finally, Mascoma Wealth Management LLC increased its position in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Loop Capital lowered their price target 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. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Tuesday, May 21st. Raymond James lowered their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.71 during midday trading on Friday, hitting $87.94. The company had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The company’s 50 day simple moving average is $91.98 and its 200 day simple moving average is $103.26. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock has a market cap of $160.32 billion, a price-to-earnings ratio of 95.63, a PEG ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

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 the consensus estimate of $1.20 by $0.19. The business 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 company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.