Focus Financial Network Inc. Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Focus Financial Network Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,353 shares of the entertainment giant’s stock after purchasing an additional 537 shares during the quarter. Focus Financial Network Inc.’s holdings in Walt Disney were worth $1,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $28,000. ESL Trust Services LLC purchased a new stake in Walt Disney in the first quarter worth $31,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at $33,000. Evolution Advisers Inc. lifted its position in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter worth $37,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DIS. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday, May 21st. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Bank of America decreased their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie dropped their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $118.13.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.0 %

Shares of Walt Disney stock traded up $0.01 during trading on Wednesday, hitting $89.75. The company’s stock had a trading volume of 2,949,659 shares, compared to its average volume of 11,596,267. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. 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 company has a fifty day simple moving average of $94.95 and a two-hundred day simple moving average of $104.80. The company has a market capitalization of $163.62 billion, a PE ratio of 97.57, a P/E/G 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 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 4.77 earnings per share for the current 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.