The Walt Disney Company (NYSE:DIS) Shares Acquired by Liberty Capital Management Inc.

Liberty Capital Management Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,628 shares of the entertainment giant’s stock after acquiring an additional 292 shares during the quarter. Liberty Capital Management Inc.’s holdings in Walt Disney were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pegasus Asset Management Inc. lifted its stake in shares of Walt Disney by 2.7% in the 3rd quarter. Pegasus Asset Management Inc. now owns 34,202 shares of the entertainment giant’s stock valued at $3,290,000 after purchasing an additional 889 shares in the last quarter. Eastern Bank raised its holdings in Walt Disney by 293.8% in the third quarter. Eastern Bank now owns 30,409 shares of the entertainment giant’s stock valued at $2,925,000 after buying an additional 22,687 shares during the period. Xcel Wealth Management LLC lifted its position in Walt Disney by 40.2% during the third quarter. Xcel Wealth Management LLC now owns 29,685 shares of the entertainment giant’s stock valued at $2,855,000 after buying an additional 8,511 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Walt Disney by 96.2% during the third quarter. Sequoia Financial Advisors LLC now owns 109,697 shares of the entertainment giant’s stock worth $10,552,000 after buying an additional 53,796 shares during the period. Finally, Cetera Trust Company N.A increased its position in shares of Walt Disney by 1.2% in the third quarter. Cetera Trust Company N.A now owns 14,167 shares of the entertainment giant’s stock worth $1,363,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. Bank of America decreased 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. UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.2 %

DIS stock opened at $96.78 on Wednesday. The firm has a market cap of $176.43 billion, a price-to-earnings ratio of 105.20, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The firm has a fifty day moving average price of $92.16 and a two-hundred day moving average price of $98.45. 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 released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 4.92 EPS for the current 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.