PFG Advisors Makes New $693,000 Investment in The Walt Disney Company (NYSE:DIS)

PFG Advisors acquired a new position in The Walt Disney Company (NYSE:DISGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,342 shares of the entertainment giant’s stock, valued at approximately $693,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clear Perspectives Financial Planning LLC grew its stake in shares of Walt Disney by 126.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after buying an additional 101 shares in the last quarter. Roble Belko & Company Inc boosted its stake in shares of Walt Disney by 96.2% during the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after purchasing an additional 101 shares during the period. Worth Asset Management LLC purchased a new position in shares of Walt Disney during the 1st quarter worth about $29,000. Rational Advisors LLC boosted its stake in shares of Walt Disney by 74.1% during the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 103 shares during the period. Finally, MBM Wealth Consultants LLC boosted its stake in shares of Walt Disney by 94.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 107 shares during the period. 61.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Morgan Stanley decreased their price objective on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. Evercore ISI decreased their price objective on shares of Walt Disney from $150.00 to $130.00 in a report on Wednesday, July 27th. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, August 11th. Finally, KeyCorp lifted their price objective on shares of Walt Disney from $131.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the sale, the executive vice president now owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Walt Disney Stock Down 2.2 %

Shares of Walt Disney stock opened at $102.16 on Friday. The firm’s 50 day moving average price is $110.43 and its 200-day moving average price is $113.15. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The Walt Disney Company has a 52-week low of $90.23 and a 52-week high of $179.63. The company has a market cap of $186.24 billion, a P/E ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Walt Disney Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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