Sawyer & Company Inc Acquires 332 Shares of The Walt Disney Company (NYSE:DIS)

Sawyer & Company Inc grew its holdings in The Walt Disney Company (NYSE:DIS) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,795 shares of the entertainment giant’s stock after purchasing an additional 332 shares during the period. Walt Disney comprises about 1.5% of Sawyer & Company Inc’s investment portfolio, making the stock its 24th biggest holding. Sawyer & Company Inc’s holdings in Walt Disney were worth $4,020,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DIS. Voisard Asset Management Group Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth $53,000. Able Wealth Management LLC purchased a new position in Walt Disney during the fourth quarter valued at $54,000. Sierra Summit Advisors LLC purchased a new position in Walt Disney during the fourth quarter valued at $393,000. Syon Capital LLC lifted its position in Walt Disney by 63.7% during the fourth quarter. Syon Capital LLC now owns 7,032 shares of the entertainment giant’s stock valued at $635,000 after purchasing an additional 2,737 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in Walt Disney by 3.1% during the fourth quarter. EP Wealth Advisors LLC now owns 571,824 shares of the entertainment giant’s stock valued at $51,630,000 after purchasing an additional 17,013 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS traded up $1.14 during midday trading on Friday, hitting $94.13. 8,089,133 shares of the company were exchanged, compared to its average volume of 11,051,948. The company’s 50 day simple moving average is $90.85 and its 200 day simple moving average is $99.80. The firm has a market capitalization of $171.60 billion, a price-to-earnings ratio of 102.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DIS. Deutsche Bank Aktiengesellschaft lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Bank of America reduced their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI reduced their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.20.

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.