Mesirow Financial Investment Management Inc. Grows Position in The Walt Disney Company (NYSE:DIS)

Mesirow Financial Investment Management Inc. raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,163 shares of the entertainment giant’s stock after acquiring an additional 304 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Walt Disney were worth $22,459,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new position in shares of Walt Disney during the first quarter valued at about $31,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Red Tortoise LLC lifted its position in shares of Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $37,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Walt Disney in the first quarter valued at approximately $51,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DIS. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research report on Tuesday, May 21st. Raymond James cut their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Evercore ISI lowered their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Loop Capital decreased their price target 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 dropped their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $117.95.

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $90.55 on Monday. The stock has a market cap of $164.22 billion, a P/E ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $91.06 and its two-hundred day moving average price is $102.49. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for 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%. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal 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.