Transcend Capital Advisors LLC Acquires 3,470 Shares of The Walt Disney Company (NYSE:DIS)

Transcend Capital Advisors LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,849 shares of the entertainment giant’s stock after purchasing an additional 3,470 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Walt Disney were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Walt Disney in the fourth quarter worth about $1,938,647,000. Jennison Associates LLC purchased a new stake in Walt Disney in the first quarter worth about $1,490,492,000. Capital World Investors increased its position in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. purchased a new stake in Walt Disney in the fourth quarter worth about $459,245,000. Finally, Swedbank AB purchased a new stake in Walt Disney in the first quarter worth about $493,715,000. 65.71% of the stock is owned by institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 3.7 %

DIS traded down $3.48 during trading on Friday, hitting $89.57. 15,433,552 shares of the stock were exchanged, compared to its average volume of 10,202,989. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a 50 day simple moving average of $98.39 and a 200 day simple moving average of $105.33. The firm has a market cap of $163.29 billion, a price-to-earnings ratio of 97.36, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 4.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIS shares. Macquarie increased their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. UBS Group lowered their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.13.

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.