Asset Dedication LLC Has $3.65 Million Holdings in The Walt Disney Company (NYSE:DIS)

Asset Dedication LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,777 shares of the entertainment giant’s stock after purchasing an additional 1,809 shares during the quarter. Asset Dedication LLC’s holdings in Walt Disney were worth $3,652,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Gryphon Financial Partners LLC bought a new stake in shares of Walt Disney during the fourth quarter worth about $603,000. AGF Management Ltd. lifted its position in Walt Disney by 6,508.2% in the 4th quarter. AGF Management Ltd. now owns 340,787 shares of the entertainment giant’s stock valued at $30,770,000 after acquiring an additional 335,630 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Walt Disney by 10.4% during the 4th quarter. QRG Capital Management Inc. now owns 132,092 shares of the entertainment giant’s stock valued at $11,927,000 after purchasing an additional 12,495 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Walt Disney by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 61,002 shares of the entertainment giant’s stock worth $5,508,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Walt Disney by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,225,868 shares of the entertainment giant’s stock valued at $200,974,000 after purchasing an additional 35,440 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred 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 owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $87.94 on Friday. The firm’s 50 day moving average is $91.98 and its 200 day moving average is $103.22. The stock has a market capitalization of $160.32 billion, a P/E ratio of 95.59, a PEG ratio of 1.34 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 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 analyst estimates of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, 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 report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

About Walt Disney

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.