Hudson Canyon Capital Management Purchases 299 Shares of The Walt Disney Company (NYSE:DIS)

Hudson Canyon Capital Management increased its position in The Walt Disney Company (NYSE:DIS) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,699 shares of the entertainment giant’s stock after buying an additional 299 shares during the period. Hudson Canyon Capital Management’s holdings in Walt Disney were worth $1,658,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Loop Capital reduced their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Tuesday, May 21st. Moffett Nathanson dropped their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Performance

DIS traded up $0.57 during trading on Friday, reaching $90.38. 8,403,632 shares of the company’s stock were exchanged, compared to its average volume of 12,724,822. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market capitalization of $163.91 billion, a P/E ratio of 98.24, a PEG ratio of 1.34 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $93.23 and a 200 day moving average price of $103.99.

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, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.