The Walt Disney Company (NYSE:DIS) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in The Walt Disney Company (NYSE:DIS) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,074 shares of the entertainment giant’s stock after buying an additional 8,198 shares during the period. Stratos Wealth Partners LTD.’s holdings in Walt Disney were worth $11,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jennison Associates LLC acquired a new stake in Walt Disney during the 1st quarter worth about $1,490,492,000. Capital World Investors lifted its holdings in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the period. Swedbank AB purchased a new stake in Walt Disney in the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC acquired a new position in Walt Disney in the 2nd quarter worth approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Walt Disney during the 1st quarter valued at approximately $425,567,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.8 %

DIS stock opened at $97.29 on Friday. The firm has a market cap of $177.36 billion, a PE ratio of 105.75, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50 day moving average price is $91.72 and its 200-day moving average price is $99.06.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America cut their price objective 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. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Company 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.