Gries Financial LLC Raises Position in The Walt Disney Company (NYSE:DIS)

Gries Financial LLC increased its position in The Walt Disney Company (NYSE:DIS) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,852 shares of the entertainment giant’s stock after acquiring an additional 370 shares during the quarter. Gries Financial LLC’s holdings in Walt Disney were worth $283,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC grew its position in shares of Walt Disney by 6.3% during the second quarter. Belpointe Asset Management LLC now owns 18,658 shares of the entertainment giant’s stock worth $1,853,000 after purchasing an additional 1,100 shares in the last quarter. Strategy Asset Managers LLC grew its stake in shares of Walt Disney by 5.8% in the 2nd quarter. Strategy Asset Managers LLC now owns 56,002 shares of the entertainment giant’s stock worth $5,560,000 after buying an additional 3,094 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Walt Disney by 10.7% in the 2nd quarter. Larson Financial Group LLC now owns 10,882 shares of the entertainment giant’s stock worth $1,080,000 after buying an additional 1,049 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Walt Disney by 8.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 24,966 shares of the entertainment giant’s stock worth $2,479,000 after purchasing an additional 1,844 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of Walt Disney in the second quarter worth approximately $246,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital decreased their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Bank of America cut their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Trading Up 0.1 %

Shares of NYSE:DIS opened at $89.23 on Thursday. The business’s 50 day moving average price is $92.48 and its 200-day moving average price is $103.53. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market capitalization of $162.67 billion, a price-to-earnings ratio of 96.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. 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 posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business earned $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.