New York Life Investment Management LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

New York Life Investment Management LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 278,098 shares of the entertainment giant’s stock after acquiring an additional 1,214 shares during the quarter. New York Life Investment Management LLC’s holdings in Walt Disney were worth $27,612,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Addison Advisors LLC increased its stake in shares of Walt Disney by 3.1% in the second quarter. Addison Advisors LLC now owns 6,399 shares of the entertainment giant’s stock worth $635,000 after buying an additional 194 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of Walt Disney in the 2nd quarter worth about $8,390,000. Wellington Shields Capital Management LLC raised its stake in shares of Walt Disney by 9.4% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 5,633 shares of the entertainment giant’s stock valued at $559,000 after purchasing an additional 482 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Walt Disney by 1.8% during the second quarter. Farmers & Merchants Investments Inc. now owns 156,953 shares of the entertainment giant’s stock worth $15,584,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Walt Disney by 1.1% during the second quarter. Arizona State Retirement System now owns 531,775 shares of the entertainment giant’s stock worth $52,800,000 after purchasing an additional 5,611 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Evercore ISI cut their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday, May 21st. Wells Fargo & Company dropped their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Moffett Nathanson decreased their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Performance

DIS stock opened at $87.98 on Friday. The company has a 50-day simple moving average of $91.98 and a 200 day simple moving average of $103.26. The company has a market capitalization of $160.39 billion, a P/E ratio of 95.63, 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. During the same period in the prior year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were 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 in the company, valued at $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by 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.