Iams Wealth Management LLC Invests $276,000 in The Walt Disney Company (NYSE:DIS)

Iams Wealth Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,867 shares of the entertainment giant’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIS. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the second quarter valued at about $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. Red Tortoise LLC increased its holdings in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the last quarter. Finally, First PREMIER Bank increased its holdings in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DIS shares. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Morgan Stanley dropped their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Finally, Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.20.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.9 %

Shares of DIS opened at $94.97 on Tuesday. The firm has a market cap of $173.13 billion, a P/E ratio of 103.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. 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 Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The firm’s 50-day simple moving average is $90.99 and its 200 day simple moving average is $99.46.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, 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.