GAM Holding AG Increases Position in The Walt Disney Company (NYSE:DIS)

GAM Holding AG increased its stake in The Walt Disney Company (NYSE:DIS) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,278 shares of the entertainment giant’s stock after acquiring an additional 302 shares during the period. Walt Disney comprises approximately 1.0% of GAM Holding AG’s portfolio, making the stock its 26th largest position. GAM Holding AG’s holdings in Walt Disney were worth $12,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sendero Wealth Management LLC grew its position in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares during the period. Horizon Bancorp Inc. IN boosted its position in Walt Disney by 6.1% during the first quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock valued at $205,000 after buying an additional 96 shares during the period. KFA Private Wealth Group LLC boosted its position in Walt Disney by 4.1% during the first quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock valued at $329,000 after buying an additional 106 shares during the period. Finally, Transcendent Capital Group LLC boosted its position in Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $96.78 on Wednesday. The stock has a market cap of $176.43 billion, a PE ratio of 105.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The firm’s 50-day simple moving average is $92.16 and its two-hundred day simple moving average is $98.45.

Walt Disney (NYSE:DIS) last announced 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. UBS Group cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Bank of America cut their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie lowered their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Five investment 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. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target 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.