MONECO Advisors LLC Raises Position in The Walt Disney Company (NYSE:DIS)

MONECO Advisors LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 7.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,739 shares of the entertainment giant’s stock after purchasing an additional 1,237 shares during the quarter. MONECO Advisors LLC’s holdings in Walt Disney were worth $1,706,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tributary Capital Management LLC purchased a new position in shares of Walt Disney in the first quarter valued at $61,000. Capital Advisors Ltd. LLC lifted its holdings in Walt Disney by 4.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 2,531 shares of the entertainment giant’s stock worth $310,000 after buying an additional 115 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Walt Disney by 81.8% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,873 shares of the entertainment giant’s stock valued at $229,000 after buying an additional 843 shares during the last quarter. Albion Financial Group UT grew its stake in shares of Walt Disney by 9.6% during the first quarter. Albion Financial Group UT now owns 90,553 shares of the entertainment giant’s stock valued at $11,080,000 after acquiring an additional 7,925 shares in the last quarter. Finally, Yoder Wealth Management Inc. purchased a new stake in shares of Walt Disney during the first quarter worth about $253,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DIS shares. Moffett Nathanson lowered their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.28 during trading hours on Tuesday, reaching $95.92. The stock had a trading volume of 584,346 shares, compared to its average volume of 10,802,301. The firm has a market capitalization of $174.87 billion, a PE ratio of 104.57, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The firm has a 50-day simple moving average of $92.72 and a 200-day simple moving average of $97.84. The Walt Disney Company has a twelve month low of $79.53 and a twelve month high of $123.74. 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 released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current 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.