Signature Estate & Investment Advisors LLC Grows Position in The Walt Disney Company (NYSE:DIS)

Signature Estate & Investment Advisors LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 118.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,540 shares of the entertainment giant’s stock after purchasing an additional 5,180 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Walt Disney were worth $947,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Gold Investment Management Ltd. purchased a new position in Walt Disney during the fourth quarter valued at approximately $28,000. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the first quarter worth $31,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $33,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $37,000. Finally, Beaird Harris Wealth Management LLC grew its stake in Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 117 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. Raymond James decreased their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC dropped their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Moffett Nathanson cut their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.5 %

Shares of NYSE DIS traded down $0.47 during midday trading on Tuesday, hitting $91.31. The stock had a trading volume of 1,737,975 shares, compared to its average volume of 11,492,505. The company has a fifty day moving average price of $94.16 and a 200 day moving average price of $104.50. The company has a market capitalization of $166.46 billion, a price-to-earnings ratio of 99.25, a PEG ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post 4.77 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.