Zhang Financial LLC Acquires 112 Shares of The Walt Disney Company (NYSE:DIS)

Zhang Financial LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,078 shares of the entertainment giant’s stock after acquiring an additional 112 shares during the period. Zhang Financial LLC’s holdings in Walt Disney were worth $206,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DIS. BTC Capital Management Inc. boosted its holdings in Walt Disney by 0.6% during the 2nd quarter. BTC Capital Management Inc. now owns 57,613 shares of the entertainment giant’s stock worth $5,720,000 after acquiring an additional 323 shares during the last quarter. Hedges Asset Management LLC increased its stake in Walt Disney by 7.9% in the 2nd quarter. Hedges Asset Management LLC now owns 9,200 shares of the entertainment giant’s stock valued at $913,000 after buying an additional 675 shares during the last quarter. ADE LLC lifted its position in shares of Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after buying an additional 110 shares in the last quarter. Western Wealth Management LLC lifted its position in shares of Walt Disney by 7.3% during the 2nd quarter. Western Wealth Management LLC now owns 15,933 shares of the entertainment giant’s stock worth $1,582,000 after buying an additional 1,089 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth approximately $305,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 1.7 %

Walt Disney stock opened at $90.82 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $95.17 and its two-hundred day simple moving average is $104.85. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market cap of $165.57 billion, a PE ratio of 98.72, a P/E/G ratio of 1.15 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIS. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Moffett Nathanson lowered their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. 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 report on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday, May 21st. Finally, Morgan Stanley dropped their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.13.

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.