Radnor Capital Management LLC Invests $3.09 Million in The Walt Disney Company (NYSE:DIS)

Radnor Capital Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 32,119 shares of the entertainment giant’s stock, valued at approximately $3,090,000.

A number of other hedge funds have also modified their holdings of DIS. ESL Trust Services LLC acquired a new stake in Walt Disney during the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC boosted its position in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank boosted its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Finally, Iron Horse Wealth Management LLC boosted its position in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Walt Disney stock opened at $96.66 on Wednesday. The Walt Disney Company has a 12-month low of $83.59 and a 12-month high of $123.74. The company has a market capitalization of $175.30 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. 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 firm’s fifty day moving average price is $93.36 and its 200 day moving average price is $97.11.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DIS. Barclays decreased their target price on shares of 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 price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Piper Sandler assumed coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

About Walt Disney

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.