The Walt Disney Company (NYSE:DIS) Stock Position Raised by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,732 shares of the entertainment giant’s stock after buying an additional 10,447 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Walt Disney were worth $12,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Moneta Group Investment Advisors LLC increased its stake in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at $1,433,075,000. Trian Fund Management L.P. acquired a new position in Walt Disney in the 4th quarter valued at $784,509,000. Morgan Stanley grew its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Walt Disney by 50.9% in the 1st quarter. Wellington Management Group LLP now owns 12,771,787 shares of the entertainment giant’s stock valued at $1,278,839,000 after buying an additional 4,307,163 shares during the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIS. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Evercore ISI reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, July 24th. Loop Capital reduced their price target on shares of Walt Disney from $120.00 to $110.00 in a report on Monday, June 26th. Morgan Stanley reduced their price target on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, July 26th. Finally, Wells Fargo & Company reduced their price target on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.35.

Walt Disney Price Performance

DIS traded up $1.25 on Tuesday, hitting $83.77. 11,794,718 shares of the stock were exchanged, compared to its average volume of 13,077,771. The Walt Disney Company has a 12 month low of $79.75 and a 12 month high of $118.18. The business has a 50-day moving average of $86.19 and a two-hundred day moving average of $92.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The firm has a market capitalization of $153.28 billion, a price-to-earnings ratio of 67.09, a PEG ratio of 1.62 and a beta of 1.28.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Walt Disney’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the sale, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.