3,797 Shares in The Walt Disney Company (NYSE:DIS) Bought by Goldstone Financial Group LLC

by · The Cerbat Gem

Goldstone Financial Group LLC purchased a new stake in The Walt Disney Company (NYSE:DIS – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,797 shares of the entertainment giant’s stock, valued at approximately $365,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its position in Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after buying an additional 22,568 shares during the last quarter. Nordea Investment Management AB raised its position in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after buying an additional 810,923 shares during the last quarter. PGGM Investments purchased a new stake in Walt Disney in the 1st quarter valued at $1,036,000. Finally, Advisors Asset Management Inc. raised its position in Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after buying an additional 6,118 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $96.20 on Friday. The company has a market cap of $175.38 billion, a PE ratio of 104.57, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $93.06 and a 200-day moving average price of $97.68. The Walt Disney Company has a 12-month low of $80.18 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DIS shares. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Read Our Latest Analysis on DIS

About Walt Disney

(Free Report)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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