DekaBank Deutsche Girozentrale Has $135.40 Million Stake in The Walt Disney Company (NYSE:DIS)

DekaBank Deutsche Girozentrale grew its holdings in The Walt Disney Company (NYSE:DIS) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,416,537 shares of the entertainment giant’s stock after purchasing an additional 71,908 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Walt Disney were worth $135,398,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DIS. Foguth Wealth Management LLC. acquired a new position in Walt Disney during the 1st quarter valued at $290,000. Founders Financial Securities LLC raised its position in shares of Walt Disney by 10.1% during the first quarter. Founders Financial Securities LLC now owns 13,470 shares of the entertainment giant’s stock valued at $1,648,000 after buying an additional 1,235 shares during the last quarter. Waterway Wealth Management LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $223,000. Arlington Financial Advisors LLC grew its position in Walt Disney by 456.9% during the first quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock worth $4,094,000 after buying an additional 27,453 shares in the last quarter. Finally, AMI Investment Management Inc. increased its stake in Walt Disney by 0.6% during the first quarter. AMI Investment Management Inc. now owns 36,837 shares of the entertainment giant’s stock valued at $4,507,000 after acquiring an additional 202 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.4 %

NYSE DIS opened at $95.03 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock’s 50-day moving average is $92.61 and its 200-day moving average is $98.12. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The firm has a market cap of $173.24 billion, a P/E ratio of 103.29, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. Macquarie reduced their price objective 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. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Five investment 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’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.