Callan Capital LLC Buys 160 Shares of The Walt Disney Company (NYSE:DIS)

Callan Capital LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,228 shares of the entertainment giant’s stock after acquiring an additional 160 shares during the period. Callan Capital LLC’s holdings in Walt Disney were worth $323,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GW Henssler & Associates Ltd. increased its position in Walt Disney by 2.0% in the first quarter. GW Henssler & Associates Ltd. now owns 6,825 shares of the entertainment giant’s stock worth $683,000 after buying an additional 133 shares during the last quarter. Ridgewood Investments LLC increased its holdings in Walt Disney by 31.0% in the 1st quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock worth $653,000 after acquiring an additional 1,544 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Walt Disney by 6.5% in the 1st quarter. Handelsbanken Fonder AB now owns 454,608 shares of the entertainment giant’s stock valued at $45,520,000 after acquiring an additional 27,767 shares during the period. Regal Partners Ltd purchased a new stake in Walt Disney during the fourth quarter valued at about $28,203,000. Finally, Summit Place Financial Advisors LLC boosted its position in Walt Disney by 2.0% during the first quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock worth $2,767,000 after purchasing an additional 551 shares during the period. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $83.48 on Thursday. The business has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $91.91. The firm has a market capitalization of $152.75 billion, a P/E ratio of 67.87, a P/E/G ratio of 1.62 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 12 month low of $79.75 and a 12 month high of $118.18.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. KeyCorp cut their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 25th. Truist Financial reissued a “buy” rating and issued a $105.00 price target on shares of Walt Disney in a report on Monday, August 21st. Morgan Stanley decreased their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, July 26th. Rosenblatt Securities lifted their target price on shares of Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, StockNews.com started coverage on Walt Disney in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

About Walt Disney

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.