M. Kraus & Co Has $2.98 Million Stake in The Walt Disney Company (NYSE:DIS)

M. Kraus & Co reduced its position in The Walt Disney Company (NYSE:DIS) by 8.2% in the 3rd quarter, Holdings Channel reports. The firm owned 30,960 shares of the entertainment giant’s stock after selling 2,753 shares during the quarter. Walt Disney comprises approximately 0.9% of M. Kraus & Co’s investment portfolio, making the stock its 29th biggest position. M. Kraus & Co’s holdings in Walt Disney were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Walt Disney by 84.6% in the first 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 first quarter worth about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 during the period. Rheos Capital Works Inc. grew its position 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 period. Finally, Nordea Investment Management AB grew its position in shares of Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares during the period. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DIS shares. Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The purchase 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 Performance

Shares of DIS stock traded up $0.63 during trading on Monday, reaching $94.76. 2,169,503 shares of the company’s stock were exchanged, compared to its average volume of 11,007,895. 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 firm’s fifty day moving average price is $90.85 and its 200-day moving average price is $99.65. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The stock has a market capitalization of $172.75 billion, a PE ratio of 102.32, a PEG ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS 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.