Calton & Associates Inc. Acquires 7,700 Shares of The Walt Disney Company (NYSE:DIS)

Calton & Associates Inc. boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 302.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,248 shares of the entertainment giant’s stock after purchasing an additional 7,700 shares during the period. Calton & Associates Inc.’s holdings in Walt Disney were worth $986,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after acquiring an additional 2,325,582 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares in the last quarter. Legal & General Group Plc raised its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares during the period. Jennison Associates LLC bought a new position in Walt Disney in the 1st quarter worth $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after acquiring an additional 293,482 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie cut their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Evercore ISI decreased their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. 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 note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 0.4 %

Shares of NYSE:DIS traded up $0.42 on Tuesday, hitting $97.04. 586,664 shares of the company’s stock were exchanged, compared to its average volume of 10,917,406. The business’s 50 day simple moving average is $91.94 and its two-hundred day simple moving average is $98.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $176.91 billion, a price-to-earnings ratio of 105.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS 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 net margin of 5.30% and a return on equity of 8.64%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Walt Disney 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.