Proffitt & Goodson Inc. Has $916,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Proffitt & Goodson Inc. raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,230 shares of the entertainment giant’s stock after buying an additional 1,064 shares during the period. Proffitt & Goodson Inc.’s holdings in Walt Disney were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. ESL Trust Services LLC bought a new position in Walt Disney during the first quarter valued at approximately $31,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the 4th quarter valued at $28,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $33,000. Red Tortoise LLC lifted its stake in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the last quarter. Finally, Evolution Advisers Inc. boosted its holdings in Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.80 during midday trading on Thursday, reaching $89.92. The company had a trading volume of 7,603,296 shares, compared to its average volume of 11,600,556. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $94.75 and a 200 day simple moving average of $104.70. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market capitalization of $163.93 billion, a price-to-earnings ratio of 98.49, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The business 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 8.37% and a net margin of 1.90%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DIS shares. The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Macquarie cut their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays cut their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC lowered their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

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.