GAMMA Investing LLC Boosts Holdings in The Walt Disney Company (NYSE:DIS)

GAMMA Investing LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 29.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,232 shares of the entertainment giant’s stock after acquiring an additional 3,884 shares during the period. GAMMA Investing LLC’s holdings in Walt Disney were worth $1,711,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DIS. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after buying an additional 916,772 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in shares of Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after acquiring an additional 238 shares in the last quarter. Telos Capital Management Inc. lifted its position in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Valmark Advisers Inc. grew its stake in Walt Disney by 4.9% in the 4th quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after buying an additional 359 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Walt Disney in the 1st quarter worth $1,490,492,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 3.7 %

Walt Disney stock traded down $3.48 during trading hours on Friday, hitting $89.57. 15,433,552 shares of the stock traded hands, compared to its average volume of 10,202,989. The firm’s 50-day moving average price is $98.39 and its two-hundred day moving average price is $105.44. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company has a market cap of $163.29 billion, a PE ratio of 97.36, a PEG ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. On average, research analysts forecast that The Walt Disney Company will post 4.77 EPS for the current year.

Insider Transactions at Walt Disney

In related news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on DIS shares. Macquarie upped their target price on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. The Goldman Sachs Group began coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Evercore ISI dropped their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. UBS Group reduced their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Barclays lowered their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.13.

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.