Clearstead Trust LLC Has $1.76 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Clearstead Trust LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,766 shares of the entertainment giant’s stock after purchasing an additional 148 shares during the quarter. Clearstead Trust LLC’s holdings in Walt Disney were worth $1,764,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Walt Disney in the 1st quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after acquiring an additional 22,568 shares during the last quarter. Rheos Capital Works Inc. lifted its stake in shares of Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after acquiring an additional 51,400 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after acquiring an additional 810,923 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Barclays dropped their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie lowered their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $91.84 on Tuesday. 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 business has a 50-day moving average price of $90.95 and a two-hundred day moving average price of $102.35. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market cap of $166.56 billion, a P/E ratio of 99.83, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. As a group, analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought 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 approximately $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

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.