Lafayette Investments Inc. Acquires 521 Shares of The Walt Disney Company (NYSE:DIS)

Lafayette Investments Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,599 shares of the entertainment giant’s stock after purchasing an additional 521 shares during the period. Lafayette Investments Inc.’s holdings in Walt Disney were worth $3,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Greystone Financial Group LLC acquired a new position in Walt Disney during the 3rd quarter worth about $7,235,000. Great Lakes Retirement Inc. lifted its position in shares of Walt Disney by 8.4% during the third quarter. Great Lakes Retirement Inc. now owns 6,122 shares of the entertainment giant’s stock worth $589,000 after purchasing an additional 477 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. Capital Investment Counsel Inc grew its stake in shares of Walt Disney by 1.2% during the third quarter. Capital Investment Counsel Inc now owns 42,691 shares of the entertainment giant’s stock valued at $4,106,000 after purchasing an additional 505 shares during the last quarter. Finally, McAdam LLC raised its position in Walt Disney by 11.8% in the 3rd quarter. McAdam LLC now owns 4,104 shares of the entertainment giant’s stock worth $395,000 after purchasing an additional 433 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on DIS shares. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Bank of America dropped their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Insider Activity

In related news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.3 %

DIS stock traded down $0.27 during midday trading on Thursday, hitting $95.97. 482,211 shares of the company’s stock were exchanged, compared to its average volume of 10,863,006. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The stock’s fifty day moving average price is $92.36 and its 200-day moving average price is $98.44. The company has a market cap of $174.96 billion, a PE ratio of 104.61, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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