Matthew Goff Investment Advisor LLC Has $9.21 Million Holdings in The Walt Disney Company (NYSE:DIS)

Matthew Goff Investment Advisor LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 103,225 shares of the entertainment giant’s stock after acquiring an additional 2,637 shares during the quarter. Walt Disney accounts for 2.2% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 16th biggest holding. Matthew Goff Investment Advisor LLC’s holdings in Walt Disney were worth $9,213,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DIS. Moneta Group Investment Advisors LLC lifted its stake 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 valued at $2,056,126,000 after buying an additional 23,644,765 shares during the period. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $1,433,075,000. Providence Capital Advisors LLC raised its position in shares of Walt Disney by 11,064.4% during the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock worth $109,679,000 after purchasing an additional 10,883,859 shares during the period. Trian Fund Management L.P. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $784,509,000. Finally, Morgan Stanley raised its position in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares during the period. 61.17% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 2.4 %

Shares of NYSE:DIS opened at $82.95 on Tuesday. The company has a market capitalization of $151.78 billion, a PE ratio of 69.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. 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 business has a fifty day moving average price of $85.78 and a two-hundred day moving average price of $91.59. The Walt Disney Company has a 1 year low of $79.75 and a 1 year high of $118.18.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DIS shares. Barclays lowered their target price on Walt Disney from $107.00 to $88.00 in a research report on Wednesday, June 21st. KeyCorp lowered their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 25th. Wells Fargo & Company lowered their target price on Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 5th. Loop Capital decreased their price target on Walt Disney from $120.00 to $110.00 in a report on Monday, June 26th. Finally, Credit Suisse Group decreased their price target on Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.58.

Insider Transactions at Walt Disney

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

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.