Reik & CO. LLC Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Reik & CO. LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 124.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,613 shares of the entertainment giant’s stock after purchasing an additional 4,781 shares during the quarter. Walt Disney accounts for about 0.2% of Reik & CO. LLC’s holdings, making the stock its 28th largest holding. Reik & CO. LLC’s holdings in Walt Disney were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its stake in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares during the last quarter. Lmcg Investments LLC lifted its stake in shares of Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after acquiring an additional 23,116 shares during the last quarter. PGGM Investments bought a new stake in shares of Walt Disney in the 1st quarter valued at about $1,036,000. Nisa Investment Advisors LLC lifted its stake in shares of Walt Disney by 22.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after acquiring an additional 127,859 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after acquiring an additional 6,118 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $98.94 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $179.44 billion, a P/E ratio of 38.05, a PEG ratio of 1.52 and a beta of 1.40. The stock’s 50 day moving average is $93.54 and its 200 day moving average is $97.12. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

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, 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 for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Macquarie lowered their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.