Intact Investment Management Inc. Has $897,000 Position in The Walt Disney Company (NYSE:DIS)

Intact Investment Management Inc. grew its holdings in The Walt Disney Company (NYSE:DIS) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,330 shares of the entertainment giant’s stock after buying an additional 1,700 shares during the quarter. Intact Investment Management Inc.’s holdings in Walt Disney were worth $897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the first quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the second quarter worth about $32,000. Mascoma Wealth Management LLC boosted its holdings in Walt Disney by 38.0% during the second 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 boosted its holdings in Walt Disney by 98.1% during the third 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, Iron Horse Wealth Management LLC boosted its holdings in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought 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 of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.0 %

Shares of NYSE:DIS opened at $95.79 on Tuesday. The business’s 50 day simple moving average is $93.24 and its two-hundred day simple moving average is $97.22. The firm has a market cap of $173.72 billion, a P/E ratio of 36.84, a PEG ratio of 1.53 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 52-week low of $83.59 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on DIS. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. UBS Group cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital cut their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.