The Walt Disney Company (NYSE:DIS) Shares Acquired by LCM Capital Management Inc

LCM Capital Management Inc increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,218 shares of the entertainment giant’s stock after buying an additional 188 shares during the quarter. LCM Capital Management Inc’s holdings in Walt Disney were worth $790,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Walt Disney during the 3rd quarter worth about $72,000. Cordatus Wealth Management LLC raised its stake in Walt Disney by 1.8% during the third quarter. Cordatus Wealth Management LLC now owns 13,657 shares of the entertainment giant’s stock worth $1,314,000 after purchasing an additional 238 shares during the period. United Asset Strategies Inc. raised its stake in Walt Disney by 3.6% during the third quarter. United Asset Strategies Inc. now owns 60,286 shares of the entertainment giant’s stock worth $5,799,000 after purchasing an additional 2,100 shares during the period. Tevis Investment Management boosted its holdings in shares of Walt Disney by 16.3% in the 3rd quarter. Tevis Investment Management now owns 22,112 shares of the entertainment giant’s stock valued at $2,127,000 after purchasing an additional 3,103 shares during the last quarter. Finally, Goldstone Financial Group LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth $365,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Evercore ISI lowered their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Trading Up 1.2 %

Shares of NYSE DIS opened at $96.20 on Friday. The company has a market cap of $174.47 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40. The stock’s 50 day simple moving average is $93.06 and its 200 day simple moving average is $97.68. 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 Walt Disney Company has a 12-month low of $80.18 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities research analysts expect that The Walt Disney Company will post 4.93 EPS for the current 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.