Highline Wealth Partners LLC Invests $950,000 in The Walt Disney Company (NYSE:DIS)

Highline Wealth Partners LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 9,874 shares of the entertainment giant’s stock, valued at approximately $950,000.

Other hedge funds have also bought and sold shares of the company. Jennison Associates LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth approximately $1,490,492,000. Capital World Investors boosted its holdings in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. Swedbank AB purchased a new stake in shares of Walt Disney in the first quarter worth $493,715,000. Farallon Capital Management LLC bought a new position in shares of Walt Disney during the second quarter valued at $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Walt Disney in the 1st quarter worth about $425,567,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Loop Capital reduced 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 report on Tuesday, July 30th. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Evercore ISI cut their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America decreased their price target on 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 equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Trading Down 0.4 %

NYSE:DIS opened at $95.73 on Wednesday. The Walt Disney Company has a one year low of $80.18 and a one year high of $123.74. The business has a fifty day moving average price of $92.84 and a 200-day moving average price of $97.71. The firm has a market capitalization of $174.52 billion, a price-to-earnings ratio of 104.49, 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 current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued 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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost 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 in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is 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.