Cromwell Holdings LLC Acquires 277 Shares of The Walt Disney Company (NYSE:DIS)

Cromwell Holdings LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,940 shares of the entertainment giant’s stock after buying an additional 277 shares during the quarter. Cromwell Holdings LLC’s holdings in Walt Disney were worth $571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Jennison Associates LLC bought a new position in Walt Disney during the first quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after acquiring an additional 293,482 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were bought 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 in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.4 %

Shares of NYSE:DIS opened at $95.03 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The company has a market cap of $173.24 billion, a P/E ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The stock’s fifty day moving average price is $92.61 and its 200-day moving average price is $98.26.

Walt Disney (NYSE:DIS) last announced its quarterly 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DIS. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price 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.