The Walt Disney Company (NYSE:DIS) Shares Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,132 shares of the entertainment giant’s stock after purchasing an additional 552 shares during the period. Sierra Summit Advisors LLC’s holdings in Walt Disney were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $28,000. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at $31,000. Frank Rimerman Advisors LLC purchased a new position in Walt Disney in the 4th quarter valued at $37,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Walt Disney by 30.7% during 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 in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction 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 completion of the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company decreased their target price 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. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research report on Tuesday, May 21st. Finally, Loop Capital dropped 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. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Trading Up 1.4 %

Shares of NYSE DIS opened at $90.55 on Monday. 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 stock has a market capitalization of $164.22 billion, a PE ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a fifty day simple moving average of $91.06 and a 200-day simple moving average of $102.49.

Walt Disney (NYSE:DIS) last released 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. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, equities analysts forecast that The Walt Disney Company will post 4.92 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.