The Walt Disney Company (NYSE:DIS) Shares Bought by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 31.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 98,611 shares of the entertainment giant’s stock after acquiring an additional 23,719 shares during the quarter. Walt Disney makes up about 2.4% of Bulltick Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Bulltick Wealth Management LLC’s holdings in Walt Disney were worth $9,791,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DIS. Asset Management Group Inc. lifted its holdings in shares of Walt Disney by 12.3% during the second quarter. Asset Management Group Inc. now owns 49,600 shares of the entertainment giant’s stock valued at $4,925,000 after purchasing an additional 5,438 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in Walt Disney by 49.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 26,373 shares of the entertainment giant’s stock worth $2,619,000 after buying an additional 8,670 shares during the period. Sound Shore Management Inc. CT purchased a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $61,883,000. Boston Research & Management Inc. boosted its stake in Walt Disney by 3.7% in the 2nd quarter. Boston Research & Management Inc. now owns 47,479 shares of the entertainment giant’s stock worth $4,714,000 after purchasing an additional 1,690 shares during the period. Finally, Sei Investments Co. grew its position in Walt Disney by 7.8% during the 2nd quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock worth $63,760,000 after purchasing an additional 46,620 shares in the last quarter. Institutional investors and hedge funds 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 business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

DIS opened at $93.69 on Friday. 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 company has a market cap of $170.80 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The stock has a 50-day moving average of $90.67 and a 200-day moving average of $101.96. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research analyst reports. Loop Capital reduced their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Wells Fargo & Company lowered their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.43.

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.