Catalyst Capital Advisors LLC Has $1.11 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Catalyst Capital Advisors LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 51.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,567 shares of the entertainment giant’s stock after buying an additional 3,950 shares during the period. Catalyst Capital Advisors LLC’s holdings in Walt Disney were worth $1,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. Rational Advisors LLC grew its position in Walt Disney by 481.0% in the third quarter. Rational Advisors LLC now owns 14,200 shares of the entertainment giant’s stock valued at $1,366,000 after acquiring an additional 11,756 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Walt Disney by 4.5% in the 3rd quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after purchasing an additional 27,806 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of Walt Disney by 13.5% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 651,962 shares of the entertainment giant’s stock worth $62,712,000 after purchasing an additional 77,364 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Walt Disney by 0.3% during the 3rd quarter. QRG Capital Management Inc. now owns 141,539 shares of the entertainment giant’s stock worth $13,615,000 after purchasing an additional 376 shares in the last quarter. Finally, National Pension Service lifted its holdings in Walt Disney by 14.6% during the 3rd quarter. National Pension Service now owns 3,702,049 shares of the entertainment giant’s stock valued at $356,100,000 after purchasing an additional 471,240 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.9 %

NYSE DIS opened at $96.66 on Wednesday. The Walt Disney Company has a 12 month low of $83.59 and a 12 month high of $123.74. The stock has a 50-day simple moving average of $93.36 and a 200 day simple moving average of $97.11. 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 company has a market capitalization of $175.30 billion, a PE ratio of 37.18, a P/E/G ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly 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 revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. Research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DIS shares. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Loop Capital cut their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

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.