DT Investment Partners LLC Buys 120 Shares of The Walt Disney Company (NYSE:DIS)

DT Investment Partners LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,400 shares of the entertainment giant’s stock after acquiring an additional 120 shares during the quarter. DT Investment Partners LLC’s holdings in Walt Disney were worth $231,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth approximately $32,000. Mascoma Wealth Management LLC grew its holdings in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. Red Tortoise LLC increased its position in shares of Walt Disney by 141.4% during the first 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. Finally, First PREMIER Bank raised its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.8 %

Walt Disney stock opened at $95.43 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The firm has a market capitalization of $173.97 billion, a price-to-earnings ratio of 103.73, a P/E/G ratio of 1.49 and a beta of 1.40. The firm has a 50 day moving average of $92.36 and a 200 day moving average of $98.44.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Morgan Stanley lowered their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Five equities research 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. According to data from MarketBeat.com, the company presently 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.