Parkside Investments LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

Parkside Investments LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 11.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,747 shares of the entertainment giant’s stock after buying an additional 10,072 shares during the period. Walt Disney makes up 1.7% of Parkside Investments LLC’s portfolio, making the stock its 24th largest holding. Parkside Investments LLC’s holdings in Walt Disney were worth $8,995,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $1,433,075,000. Providence Capital Advisors LLC raised its holdings in Walt Disney by 11,064.4% during the 1st quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock valued at $109,679,000 after buying an additional 10,883,859 shares during the period. Trian Fund Management L.P. purchased a new position in Walt Disney during the fourth quarter worth $784,509,000. Finally, Morgan Stanley increased its position in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the last quarter. 61.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other 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 value of $85,398.95. Following the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Barclays lowered their target price on shares of Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Truist Financial restated a “buy” rating and set a $105.00 target price on shares of Walt Disney in a research report on Monday, August 21st. KeyCorp reduced their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 25th. Evercore ISI dropped their price objective on Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, July 24th. Finally, Loop Capital reduced their target price on Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.35.

Walt Disney Stock Performance

Shares of DIS stock opened at $85.58 on Friday. The company’s 50 day moving average is $85.84 and its 200 day moving average is $91.80. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The firm has a market cap of $156.59 billion, a price-to-earnings ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same period in the previous year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Walt Disney 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.