Cranbrook Wealth Management LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Cranbrook Wealth Management LLC increased its position in The Walt Disney Company (NYSE:DIS) by 109.2% in the 2nd quarter, Holdings Channel reports. The firm owned 1,408 shares of the entertainment giant’s stock after buying an additional 735 shares during the period. Cranbrook Wealth Management LLC’s holdings in Walt Disney were worth $140,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Connors Investor Services Inc. lifted its stake in Walt Disney by 6.2% in the second quarter. Connors Investor Services Inc. now owns 90,862 shares of the entertainment giant’s stock valued at $9,022,000 after buying an additional 5,265 shares during the last quarter. Perennial Investment Advisors LLC raised its holdings in shares of Walt Disney by 2.9% in the second quarter. Perennial Investment Advisors LLC now owns 16,810 shares of the entertainment giant’s stock valued at $1,669,000 after buying an additional 468 shares during the last quarter. Clearstead Trust LLC raised its stake in Walt Disney by 0.8% during the 2nd quarter. Clearstead Trust LLC now owns 17,766 shares of the entertainment giant’s stock valued at $1,764,000 after acquiring an additional 148 shares during the last quarter. Virtu Financial LLC acquired a new stake in Walt Disney during the 2nd quarter worth approximately $2,241,000. Finally, Plancorp LLC grew its stake in shares of Walt Disney by 4.4% in the 2nd quarter. Plancorp LLC now owns 6,194 shares of the entertainment giant’s stock valued at $615,000 after purchasing an additional 259 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Walt Disney Stock Up 1.4 %

DIS opened at $91.84 on Tuesday. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The business has a 50-day moving average of $90.95 and a two-hundred day moving average of $102.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $166.56 billion, a price-to-earnings ratio of 99.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during 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 was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a report on Tuesday, May 21st. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Barclays lowered their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group cut their price target 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. Finally, Evercore ISI lowered their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

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.