Leisure Capital Management Buys 550 Shares of The Walt Disney Company (NYSE:DIS)

Leisure Capital Management lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,658 shares of the entertainment giant’s stock after purchasing an additional 550 shares during the quarter. Leisure Capital Management’s holdings in Walt Disney were worth $1,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ESL Trust Services LLC bought a new position in shares of Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter valued at about $32,000. Red Tortoise LLC lifted its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. O Brien Wealth Partners LLC bought a new position in Walt Disney in the 1st quarter valued at about $51,000. Finally, Mascoma Wealth Management LLC lifted its position in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Thursday, September 26th. Loop Capital dropped their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Moffett Nathanson dropped their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Finally, Evercore ISI reduced their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” 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 given a buy rating and one has given a strong buy rating to the stock. 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 Stock Performance

Shares of DIS traded up $1.37 during trading hours on Wednesday, hitting $95.59. The company’s stock had a trading volume of 1,757,413 shares, compared to its average volume of 10,960,220. The business has a 50 day simple moving average of $91.08 and a two-hundred day simple moving average of $99.26. The company has a market cap of $174.26 billion, a price-to-earnings ratio of 102.47, a PEG 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 current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.