The Walt Disney Company (NYSE:DIS) Shares Bought by Lazari Capital Management Inc.

Lazari Capital Management Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 12.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,765 shares of the entertainment giant’s stock after purchasing an additional 8,033 shares during the period. Walt Disney makes up about 3.1% of Lazari Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Lazari Capital Management Inc.’s holdings in Walt Disney were worth $7,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Liberty Capital Management Inc. boosted its stake in Walt Disney by 4.6% in the third quarter. Liberty Capital Management Inc. now owns 6,628 shares of the entertainment giant’s stock valued at $638,000 after buying an additional 292 shares in the last quarter. Pegasus Asset Management Inc. boosted 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 grew its holdings in shares of Walt Disney by 293.8% during the 3rd quarter. Eastern Bank now owns 30,409 shares of the entertainment giant’s stock valued at $2,925,000 after purchasing an additional 22,687 shares during the last quarter. Xcel Wealth Management LLC increased its position in Walt Disney by 40.2% during the 3rd quarter. Xcel Wealth Management LLC now owns 29,685 shares of the entertainment giant’s stock worth $2,855,000 after purchasing an additional 8,511 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Walt Disney by 96.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 109,697 shares of the entertainment giant’s stock valued at $10,552,000 after purchasing an additional 53,796 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $96.78 on Wednesday. The firm has a market cap of $176.43 billion, a PE ratio of 105.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 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. The business’s 50 day moving average price is $92.16 and its two-hundred day moving average price is $98.45.

Walt Disney (NYSE:DIS) last released its earnings results 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 company had revenue of $23.20 billion for 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%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Wednesday. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Macquarie reduced their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Finally, The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Five investment 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.com, Walt Disney 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.