abrdn plc Grows Stake in The Walt Disney Company (NYSE:DIS)

abrdn plc lifted its stake in The Walt Disney Company (NYSE:DIS) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,944,154 shares of the entertainment giant’s stock after purchasing an additional 239,430 shares during the quarter. abrdn plc owned 0.11% of Walt Disney worth $186,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Pallas Capital Advisors LLC raised its holdings in Walt Disney by 729.0% in the third quarter. Pallas Capital Advisors LLC now owns 37,943 shares of the entertainment giant’s stock worth $3,620,000 after buying an additional 33,366 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in shares of Walt Disney by 4.8% during the third quarter. Hunter Associates Investment Management LLC now owns 6,595 shares of the entertainment giant’s stock valued at $635,000 after acquiring an additional 300 shares in the last quarter. Orrstown Financial Services Inc. raised its holdings in Walt Disney by 72.5% in the 3rd quarter. Orrstown Financial Services Inc. now owns 5,759 shares of the entertainment giant’s stock worth $554,000 after acquiring an additional 2,420 shares during the last quarter. Autumn Glory Partners LLC lifted its position in Walt Disney by 31.7% in the 3rd quarter. Autumn Glory Partners LLC now owns 33,567 shares of the entertainment giant’s stock valued at $3,229,000 after acquiring an additional 8,085 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Walt Disney by 22.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after purchasing an additional 127,859 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Moffett Nathanson lowered their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Evercore ISI reduced their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.2 %

DIS opened at $96.20 on Tuesday. The stock has a market cap of $175.38 billion, a price-to-earnings ratio of 104.57, a price-to-earnings-growth ratio of 1.49 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 firm’s fifty day moving average is $92.72 and its 200 day moving average is $97.84. The Walt Disney Company has a fifty-two week low of $79.53 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Walt Disney 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.