Williams Financial LLC Buys New Position in The Walt Disney Company (NYSE:DIS)

Williams Financial LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,305 shares of the entertainment giant’s stock, valued at approximately $1,109,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Norges Bank bought a new position in Walt Disney in the fourth quarter worth approximately $1,938,647,000. Jennison Associates LLC bought a new position in Walt Disney in the first quarter worth approximately $1,490,492,000. Capital World Investors boosted its holdings in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. bought a new position in Walt Disney in the fourth quarter worth approximately $459,245,000. Finally, Swedbank AB bought a new position in Walt Disney in the first quarter worth approximately $493,715,000. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DIS shares. Moffett Nathanson lowered their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. 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 price objective for the company. Evercore ISI lowered their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group lowered their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.13.

Walt Disney Stock Performance

NYSE:DIS traded up $0.51 during trading hours on Friday, reaching $89.30. The stock had a trading volume of 10,277,743 shares, compared to its average volume of 11,680,049. 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 stock has a 50 day simple moving average of $95.41 and a 200 day simple moving average of $104.90. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The stock has a market cap of $162.80 billion, a P/E ratio of 97.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

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.