Buttonwood Financial Advisors Inc. Grows Stake in The Walt Disney Company (NYSE:DIS)

Buttonwood Financial Advisors Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,213 shares of the entertainment giant’s stock after purchasing an additional 1,350 shares during the quarter. Walt Disney comprises about 1.2% of Buttonwood Financial Advisors Inc.’s portfolio, making the stock its 23rd biggest position. Buttonwood Financial Advisors Inc.’s holdings in Walt Disney were worth $1,983,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DIS. Moneta Group Investment Advisors LLC boosted its position in 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 valued at $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. Norges Bank bought a new stake in Walt Disney during the 4th quarter valued at $1,433,075,000. Providence Capital Advisors LLC boosted its position 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 acquiring an additional 10,883,859 shares in the last quarter. Trian Fund Management L.P. bought a new stake in Walt Disney during the 4th quarter valued at $784,509,000. Finally, Morgan Stanley boosted its position in Walt Disney by 13.5% during the 4th 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 in the last quarter. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DIS. StockNews.com began coverage on Walt Disney in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Citigroup lowered their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Barclays dropped their target price on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Atlantic Securities downgraded Walt Disney from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Finally, Credit Suisse Group dropped their target price on Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.35.

Insider Activity

In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $85,577.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $85.58 on Friday. The stock has a market cap of $156.59 billion, a PE ratio of 69.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. The business has a 50-day simple moving average of $85.78 and a 200-day simple moving average of $91.64. 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 Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $22.33 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, equities analysts expect that The Walt Disney Company will post 3.68 EPS for the current year.

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.