Absher Wealth Management LLC Has $1.36 Million Position in The Walt Disney Company (NYSE:DIS)

Absher Wealth Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,141 shares of the entertainment giant’s stock after purchasing an additional 111 shares during the period. Absher Wealth Management LLC’s holdings in Walt Disney were worth $1,360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC bought a new stake in shares of Walt Disney in the first quarter worth about $1,490,492,000. Capital World Investors lifted its stake in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB acquired a new position in shares of Walt Disney in the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC bought a new stake in shares of Walt Disney during the second quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Walt Disney during the first quarter worth $425,567,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.18 during trading hours on Friday, reaching $96.02. 1,095,651 shares of the stock were exchanged, compared to its average volume of 10,757,091. The stock’s fifty day simple moving average is $93.06 and its 200 day simple moving average is $97.68. The firm has a market capitalization of $174.14 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.51 and a beta of 1.40. The Walt Disney Company has a 52 week low of $81.82 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. Sell-side analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DIS shares. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.