SteelPeak Wealth LLC Has $1.34 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

SteelPeak Wealth LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 56.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,972 shares of the entertainment giant’s stock after selling 18,044 shares during the quarter. SteelPeak Wealth LLC’s holdings in Walt Disney were worth $1,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after acquiring an additional 22,568 shares during the period. Nordea Investment Management AB increased its stake in shares of Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after purchasing an additional 810,923 shares during the last quarter. PGGM Investments bought a new stake in shares of Walt Disney in the 1st quarter valued at about $1,036,000. Finally, Advisors Asset Management Inc. lifted its stake in Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after purchasing an additional 6,118 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.1 %

DIS opened at $95.04 on Thursday. The firm has a market capitalization of $173.26 billion, a P/E ratio of 103.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $80.18 and a one year high of $123.74. The company has a fifty day moving average price of $92.93 and a 200-day moving average price of $97.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted 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 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” 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. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price 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 approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.