Norway Savings Bank increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,648 shares of the entertainment giant’s stock after acquiring an additional 410 shares during the quarter. Norway Savings Bank’s holdings in The Walt Disney were worth $1,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Demars Financial Group LLC bought a new stake in The Walt Disney in the 2nd quarter worth about $38,000. Selective Wealth Management Inc. boosted its stake in shares of The Walt Disney by 50.6% in the 2nd quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after buying an additional 125 shares during the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of The Walt Disney by 29.6% in the 2nd quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock worth $49,000 after buying an additional 101 shares during the last quarter. Estate Counselors LLC purchased a new stake in shares of The Walt Disney during the second quarter valued at approximately $52,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in shares of The Walt Disney during the third quarter valued at approximately $62,000. 62.72% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on DIS. Rosenblatt Securities raised their target price on The Walt Disney from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank of Canada restated a “neutral” rating and set a $124.00 price objective on shares of The Walt Disney in a report on Tuesday, October 13th. Goldman Sachs Group assumed coverage on shares of The Walt Disney in a research note on Monday, July 13th. They issued a “buy” rating and a $137.00 target price on the stock. Credit Suisse Group upgraded shares of The Walt Disney from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $146.00 in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded The Walt Disney from a “hold” rating to a “buy” rating and upped their price objective for the company from $128.00 to $163.00 in a research note on Tuesday, September 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $134.70.

Shares of NYSE:DIS opened at $126.81 on Friday. The company has a 50 day moving average of $128.38 and a 200 day moving average of $117.94. The stock has a market cap of $229.15 billion, a P/E ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.48 billion. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The business’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. On average, equities analysts forecast that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

In related news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total transaction of $261,900.00. Following the completion of the sale, the executive vice president now owns 36,620 shares of the company’s stock, valued at $4,795,389. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company’s stock.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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