Motley Fool Asset Management LLC Has $6.87 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Motley Fool Asset Management LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.2% in the third quarter, Holdings Channel.com reports. The fund owned 73,082 shares of the entertainment giant’s stock after buying an additional 2,247 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Walt Disney were worth $6,873,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank grew its holdings in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DIS. Guggenheim boosted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Needham & Company LLC boosted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Down 0.6 %

Shares of DIS opened at $116.45 on Wednesday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market cap of $210.88 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42. The firm’s 50-day simple moving average is $101.40 and its 200 day simple moving average is $97.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 5.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Walt Disney

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.