Ballast Inc. Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Ballast Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 10.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,273 shares of the entertainment giant’s stock after purchasing an additional 1,151 shares during the period. Ballast Inc.’s holdings in Walt Disney were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. RFG Advisory LLC grew its position in shares of Walt Disney by 20.0% in the second quarter. RFG Advisory LLC now owns 15,655 shares of the entertainment giant’s stock valued at $1,554,000 after purchasing an additional 2,614 shares in the last quarter. Udine Wealth Management Inc. lifted its stake in shares of Walt Disney by 5.9% in the 2nd quarter. Udine Wealth Management Inc. now owns 18,552 shares of the entertainment giant’s stock valued at $1,842,000 after acquiring an additional 1,026 shares during the last quarter. New Hampshire Trust lifted its stake in shares of Walt Disney by 1.2% in the 2nd quarter. New Hampshire Trust now owns 28,514 shares of the entertainment giant’s stock valued at $2,831,000 after acquiring an additional 348 shares during the last quarter. Sharp Financial Services LLC bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $201,000. Finally, Prospect Financial Services LLC lifted its holdings in Walt Disney by 4.9% in the 2nd quarter. Prospect Financial Services LLC now owns 6,174 shares of the entertainment giant’s stock worth $613,000 after buying an additional 290 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.26 during midday trading on Monday, hitting $85.95. The company’s stock had a trading volume of 11,740,504 shares, compared to its average volume of 11,679,688. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm’s fifty day moving average price is $96.90 and its 200-day moving average price is $105.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market cap of $156.69 billion, a P/E ratio of 93.42, a P/E/G ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm earned $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DIS shares. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC lowered their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.21.

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.