Hixon Zuercher LLC Buys 244 Shares of The Walt Disney Company (NYSE:DIS)

Hixon Zuercher LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,623 shares of the entertainment giant’s stock after acquiring an additional 244 shares during the quarter. Hixon Zuercher LLC’s holdings in Walt Disney were worth $2,176,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lmcg Investments LLC boosted its position in shares of Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares during the period. PGGM Investments acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $1,036,000. Nisa Investment Advisors LLC lifted its position in shares of Walt Disney by 22.2% in the third quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock worth $67,803,000 after purchasing an additional 127,859 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Walt Disney by 30.8% during the first quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock worth $3,180,000 after purchasing an additional 6,118 shares during the last quarter. Finally, Founders Financial Securities LLC grew its position in Walt Disney by 8.4% in the second quarter. Founders Financial Securities LLC now owns 14,603 shares of the entertainment giant’s stock valued at $1,450,000 after purchasing an additional 1,133 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity at Walt Disney

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

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Barclays decreased their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Up 0.9 %

Shares of DIS opened at $96.66 on Wednesday. The firm’s 50-day simple moving average is $93.36 and its 200 day simple moving average is $97.11. 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 firm has a market cap of $175.30 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. 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 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for 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%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current year.

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.