Summit Place Financial Advisors LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Summit Place Financial Advisors LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 5.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,768 shares of the entertainment giant’s stock after purchasing an additional 1,736 shares during the quarter. Walt Disney comprises 1.8% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 22nd largest position. Summit Place Financial Advisors LLC’s holdings in Walt Disney were worth $3,152,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. LVW Advisors LLC increased its holdings in shares of Walt Disney by 10.0% during the first quarter. LVW Advisors LLC now owns 4,434 shares of the entertainment giant’s stock valued at $543,000 after acquiring an additional 403 shares in the last quarter. Kowal Investment Group LLC purchased a new position in Walt Disney in the first quarter worth about $257,000. Miracle Mile Advisors LLC lifted its stake in shares of Walt Disney by 2.0% in the first quarter. Miracle Mile Advisors LLC now owns 33,598 shares of the entertainment giant’s stock worth $4,111,000 after buying an additional 663 shares in the last quarter. Claro Advisors LLC grew its holdings in shares of Walt Disney by 4.0% during the first quarter. Claro Advisors LLC now owns 14,674 shares of the entertainment giant’s stock valued at $1,795,000 after buying an additional 563 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC increased its position in shares of Walt Disney by 5.7% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 3,781 shares of the entertainment giant’s stock valued at $443,000 after acquiring an additional 205 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Macquarie decreased their target price 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. Evercore ISI dropped their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Five 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Price Performance

NYSE:DIS opened at $95.83 on Monday. The stock has a market cap of $174.70 billion, a PE ratio of 103.29, a P/E/G ratio of 1.49 and a beta of 1.40. 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 business’s 50-day simple moving average is $92.61 and its two-hundred day simple moving average is $97.99. The Walt Disney Company has a 52 week low of $79.53 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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 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 analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm earned $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

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.