The Walt Disney Company (NYSE:DIS) Shares Purchased by Wrapmanager Inc.

Wrapmanager Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 29.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,517 shares of the entertainment giant’s stock after purchasing an additional 1,261 shares during the quarter. Wrapmanager Inc.’s holdings in Walt Disney were worth $531,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its position in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares in the last quarter. Summit Global Investments increased its position in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares in the last quarter. Lmcg Investments LLC increased its position in Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares in the last quarter. American Assets Inc. purchased a new position in Walt Disney during the third quarter worth $962,000. Finally, ICICI Prudential Asset Management Co Ltd grew its position in shares of Walt Disney by 92.0% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after purchasing an additional 44,535 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.3 %

NYSE:DIS opened at $113.55 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The business’s 50-day simple moving average is $96.07 and its 200 day simple moving average is $96.60. The stock has a market cap of $205.63 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday. Macquarie boosted their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

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.