Chicago Capital LLC Has $1.11 Million Stake in The Walt Disney Company (NYSE:DIS)

Chicago Capital LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,554 shares of the entertainment giant’s stock after selling 254 shares during the quarter. Chicago Capital LLC’s holdings in Walt Disney were worth $1,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the second quarter valued at about $32,000. Red Tortoise LLC grew its position in shares of 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. O Brien Wealth Partners LLC bought a new position in shares of Walt Disney in the first quarter worth about $51,000. Finally, Mascoma Wealth Management LLC lifted its position in shares of 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. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lowered their price target 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. The Goldman Sachs Group started coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Bank of America lowered their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 26th. Five 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Up 0.8 %

DIS stock opened at $97.28 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $177.35 billion, a price-to-earnings ratio of 105.74, a P/E/G ratio of 1.49 and a beta of 1.40. The business has a fifty day moving average price of $91.72 and a 200 day moving average price of $98.75. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Walt Disney Company 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.