Pure Financial Advisors LLC Purchases 457 Shares of The Walt Disney Company (NYSE:DIS)

Pure Financial Advisors LLC increased its position in The Walt Disney Company (NYSE:DIS) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,585 shares of the entertainment giant’s stock after acquiring an additional 457 shares during the quarter. Pure Financial Advisors LLC’s holdings in Walt Disney were worth $1,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC raised its stake in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after purchasing an additional 327 shares during the last quarter. Patron Partners LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $231,000. Smith Salley Wealth Management acquired a new position in shares of Walt Disney during the first quarter valued at about $217,000. AA Financial Advisors LLC bought a new stake in shares of Walt Disney in the first quarter valued at about $594,000. Finally, Chevy Chase Trust Holdings LLC grew its position in Walt Disney by 11.3% during the first quarter. Chevy Chase Trust Holdings LLC now owns 1,642,461 shares of the entertainment giant’s stock worth $200,972,000 after buying an additional 166,704 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DIS. JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Morgan Stanley reduced their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Five equities 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was 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 trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $95.81 on Monday. The stock has a 50-day simple moving average of $93.16 and a 200 day simple moving average of $97.34. The stock has a market capitalization of $173.76 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. 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 12-month low of $81.82 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during 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 company’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.93 earnings per share 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.