Mather Group LLC. Buys 9,524 Shares of The Walt Disney Company (NYSE:DIS)

Mather Group LLC. raised its stake in The Walt Disney Company (NYSE:DIS) by 74.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,351 shares of the entertainment giant’s stock after purchasing an additional 9,524 shares during the period. Mather Group LLC.’s holdings in Walt Disney were worth $2,219,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Norges Bank bought a new position in Walt Disney during the fourth quarter valued at about $1,938,647,000. Jennison Associates LLC bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $1,490,492,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after buying an additional 293,482 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Walt Disney by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after purchasing an additional 211,397 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 2.5 %

Shares of Walt Disney stock traded up $2.19 during trading on Tuesday, reaching $89.97. The company had a trading volume of 21,682,698 shares, compared to its average volume of 11,456,022. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm’s fifty day moving average is $98.12 and its 200-day moving average is $105.40. The company has a market cap of $164.02 billion, a price-to-earnings ratio of 97.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 4.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday. Argus upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Barclays lowered their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Loop Capital cut their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.08.

Insider Activity

In related news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

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.