Archer Investment Corp Has $1.56 Million Holdings in The Walt Disney Company (NYSE:DIS)

Archer Investment Corp increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.9% during the second quarter, HoldingsChannel reports. The fund owned 15,718 shares of the entertainment giant’s stock after buying an additional 1,017 shares during the period. Archer Investment Corp’s holdings in Walt Disney were worth $1,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its position in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares during the last quarter. Jennison Associates LLC acquired a new stake in Walt Disney in the 1st quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after buying an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. boosted its stake in shares of Walt Disney by 41.3% during the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after buying an additional 51,400 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after acquiring an additional 810,923 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $89.13 on Wednesday. The firm’s 50 day simple moving average is $92.74 and its 200 day simple moving average is $103.63. The firm has a market capitalization of $162.49 billion, a price-to-earnings ratio of 96.88, a P/E/G ratio of 1.34 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted 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 return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Morgan Stanley dropped their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Bank of America cut their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC cut their price objective 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, UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Activity

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

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.