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

Private Wealth Partners LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 151.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,655 shares of the entertainment giant’s stock after buying an additional 54,552 shares during the quarter. Private Wealth Partners LLC’s holdings in Walt Disney were worth $9,001,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new stake in Walt Disney in the first quarter valued at $31,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the 4th quarter valued at about $28,000. Red Tortoise LLC raised its holdings in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $37,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $51,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.1 %

Shares of NYSE:DIS opened at $88.32 on Thursday. The company has a market cap of $160.18 billion, a price-to-earnings ratio of 96.00, a PEG ratio of 1.31 and a beta of 1.40. The firm’s 50-day simple moving average is $91.39 and its 200-day simple moving average is $102.81. 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIS. Raymond James lowered their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson lowered their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Macquarie decreased their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, 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.