One Capital Management LLC Purchases 7,880 Shares of The Walt Disney Company (NYSE:DIS)

One Capital Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 52.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,800 shares of the entertainment giant’s stock after acquiring an additional 7,880 shares during the period. One Capital Management LLC’s holdings in Walt Disney were worth $2,264,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DIS. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter worth approximately $31,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Red Tortoise LLC lifted its holdings in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in Walt Disney during the fourth quarter worth $37,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Walt Disney in the first quarter valued at $51,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DIS. Macquarie cut their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Morgan Stanley reduced their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI lowered their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, May 21st. Finally, Bank of America lowered their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Performance

NYSE:DIS opened at $91.84 on Tuesday. The stock’s 50-day moving average is $90.95 and its 200-day moving average is $102.35. The Walt Disney Company has a 1-year low of $78.73 and a 1-year 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 has a market cap of $166.56 billion, a P/E ratio of 99.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.