Quantbot Technologies LP Purchases New Position in The Walt Disney Company (NYSE:DIS)

Quantbot Technologies LP acquired a new stake in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 61,329 shares of the entertainment giant’s stock, valued at approximately $6,089,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the 4th quarter valued at $28,000. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter worth about $31,000. Frank Rimerman Advisors LLC acquired a new position in Walt Disney in the 4th quarter worth about $37,000. Mascoma Wealth Management LLC boosted its stake in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Walt Disney by 30.7% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIS. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Macquarie decreased their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the 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 purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Trading Up 1.4 %

NYSE DIS opened at $90.55 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The business has a 50 day moving average price of $91.06 and a 200-day moving average price of $102.49. The company has a market cap of $164.22 billion, a price-to-earnings ratio of 98.42, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Walt Disney 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.