Americana Partners LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Americana Partners LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 29.6% during the third quarter, HoldingsChannel reports. The fund owned 12,817 shares of the entertainment giant’s stock after purchasing an additional 2,925 shares during the period. Americana Partners LLC’s holdings in Walt Disney were worth $1,233,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new position in Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC grew its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank grew its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its stake in Walt Disney by 78.2% during the 1st quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant’s stock worth $66,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DIS. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Wednesday, October 23rd. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Macquarie lowered their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

Shares of DIS stock opened at $95.81 on Friday. The stock has a fifty day moving average price of $93.16 and a 200 day moving average price of $97.57. The stock has a market cap of $173.76 billion, a PE ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. The Walt Disney Company has a 1 year low of $81.82 and a 1 year 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 released its quarterly earnings results 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. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on 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 transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.