The Walt Disney Company (NYSE:DIS) Shares Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,460 shares of the entertainment giant’s stock after acquiring an additional 3,347 shares during the period. North Star Asset Management Inc.’s holdings in Walt Disney were worth $11,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Gryphon Financial Partners LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth about $603,000. Calton & Associates Inc. acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $279,000. VisionPoint Advisory Group LLC increased its holdings in shares of Walt Disney by 12.8% during the 4th quarter. VisionPoint Advisory Group LLC now owns 4,996 shares of the entertainment giant’s stock valued at $451,000 after purchasing an additional 568 shares in the last quarter. Rossmore Private Capital lifted its stake in shares of Walt Disney by 11.6% in the 4th quarter. Rossmore Private Capital now owns 37,078 shares of the entertainment giant’s stock valued at $3,348,000 after purchasing an additional 3,866 shares during the period. Finally, Arcataur Capital Management LLC boosted its holdings in Walt Disney by 10.6% during the fourth quarter. Arcataur Capital Management LLC now owns 4,182 shares of the entertainment giant’s stock worth $378,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley dropped their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Price Performance

Walt Disney stock opened at $87.98 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $160.39 billion, a P/E ratio of 95.63, a PEG ratio of 1.34 and a beta of 1.40. The company has a 50-day moving average price of $91.98 and a 200 day moving average price of $103.26. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly 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. 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 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.