Sky Investment Group LLC Has $2.91 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Sky Investment Group LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,256 shares of the entertainment giant’s stock after acquiring an additional 3,670 shares during the period. Sky Investment Group LLC’s holdings in Walt Disney were worth $2,910,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the 1st quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the 2nd quarter valued at about $32,000. Red Tortoise LLC boosted its stake in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the last quarter. O Brien Wealth Partners LLC bought a new position in shares of Walt Disney in the first quarter valued at approximately $51,000. Finally, Mascoma Wealth Management LLC lifted its holdings in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on DIS shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.53 during midday trading on Tuesday, hitting $97.15. 1,300,312 shares of the company’s stock were exchanged, compared to its average volume of 10,920,904. 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 business’s fifty day moving average price is $91.94 and its two-hundred day moving average price is $98.60. The company has a market cap of $177.11 billion, a price-to-earnings ratio of 105.08, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on 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. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by insiders.

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.