Wellington Shields Capital Management LLC Buys 482 Shares of The Walt Disney Company (NYSE:DIS)

Wellington Shields Capital Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 9.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,633 shares of the entertainment giant’s stock after purchasing an additional 482 shares during the period. Wellington Shields Capital Management LLC’s holdings in Walt Disney were worth $559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC purchased a new position in Walt Disney during the first quarter worth $31,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter worth about $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter worth about $33,000. Red Tortoise LLC raised its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIS. JPMorgan Chase & Co. reduced their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reduced their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America decreased their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Up 0.3 %

Walt Disney stock traded up $0.27 during trading hours on Friday, reaching $88.92. The stock had a trading volume of 1,172,576 shares, compared to its average volume of 11,319,592. The company has a market cap of $162.10 billion, a price-to-earnings ratio of 96.36, a PEG ratio of 1.34 and a beta of 1.40. The business’s 50 day moving average price is $92.21 and its 200-day moving average price is $103.42. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current 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.