Private Wealth Partners LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Private Wealth Partners LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,259 shares of the entertainment giant’s stock after purchasing an additional 9,604 shares during the period. Private Wealth Partners LLC’s holdings in Walt Disney were worth $9,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Conning Inc. boosted its holdings in Walt Disney by 13.3% during the third quarter. Conning Inc. now owns 55,617 shares of the entertainment giant’s stock worth $5,350,000 after buying an additional 6,545 shares in the last quarter. Optas LLC raised its position in shares of Walt Disney by 73.1% in the third quarter. Optas LLC now owns 7,282 shares of the entertainment giant’s stock worth $700,000 after acquiring an additional 3,074 shares during the period. Lmcg Investments LLC boosted its stake in shares of Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Walt Disney by 4.4% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 14,125 shares of the entertainment giant’s stock worth $1,359,000 after acquiring an additional 589 shares in the last quarter. Finally, Fullcircle Wealth LLC grew its position in shares of Walt Disney by 27.8% during the 3rd quarter. Fullcircle Wealth LLC now owns 17,504 shares of the entertainment giant’s stock valued at $1,684,000 after acquiring an additional 3,805 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.4 %

Shares of DIS opened at $95.81 on Friday. The Walt Disney Company has a 12-month low of $81.82 and a 12-month high of $123.74. The firm has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. The firm has a 50-day moving average price of $93.16 and a 200 day moving average price of $97.45. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. Sell-side analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Macquarie lowered their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Evercore ISI decreased their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.