22,573 Shares in The Walt Disney Company (NYSE:DIS) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,573 shares of the entertainment giant’s stock, valued at approximately $2,241,000.

A number of other hedge funds have also modified their holdings of DIS. Plancorp LLC increased its stake in shares of Walt Disney by 4.4% in the second quarter. Plancorp LLC now owns 6,194 shares of the entertainment giant’s stock worth $615,000 after acquiring an additional 259 shares during the period. Hill Island Financial LLC boosted its holdings in Walt Disney by 18.2% in the second quarter. Hill Island Financial LLC now owns 3,569 shares of the entertainment giant’s stock valued at $354,000 after purchasing an additional 550 shares during the last quarter. Sargent Investment Group LLC boosted its holdings in Walt Disney by 13.8% in the second quarter. Sargent Investment Group LLC now owns 5,226 shares of the entertainment giant’s stock valued at $519,000 after purchasing an additional 633 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Walt Disney by 67.3% during the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after buying an additional 2,610 shares during the last quarter. Finally, Excalibur Management Corp lifted its holdings in shares of Walt Disney by 8.8% in the 2nd quarter. Excalibur Management Corp now owns 8,352 shares of the entertainment giant’s stock valued at $829,000 after buying an additional 674 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 1.1 %

NYSE DIS opened at $92.89 on Wednesday. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The business has a fifty day moving average price of $90.86 and a 200 day moving average price of $102.22. The company has a market cap of $169.34 billion, a P/E ratio of 100.97, a P/E/G ratio of 1.31 and a beta of 1.40.

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

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays dropped their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson cut their target price 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. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Redburn Atlantic raised 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. 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.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

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.