Ballentine Partners LLC Has $2.35 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Ballentine Partners LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,394 shares of the entertainment giant’s stock after acquiring an additional 2,310 shares during the quarter. Ballentine Partners LLC’s holdings in Walt Disney were worth $2,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbour Trust & Investment Management Co increased its position in shares of Walt Disney by 3.3% in the third quarter. Harbour Trust & Investment Management Co now owns 59,136 shares of the entertainment giant’s stock valued at $5,688,000 after acquiring an additional 1,870 shares during the last quarter. Legacy Capital Group California Inc. increased its position in shares of Walt Disney by 7.2% in the third quarter. Legacy Capital Group California Inc. now owns 15,574 shares of the entertainment giant’s stock valued at $1,498,000 after acquiring an additional 1,048 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of Walt Disney by 13.9% in the third quarter. Tectonic Advisors LLC now owns 14,433 shares of the entertainment giant’s stock valued at $1,388,000 after acquiring an additional 1,763 shares during the last quarter. Spirit of America Management Corp NY increased its position in shares of Walt Disney by 1.5% in the third quarter. Spirit of America Management Corp NY now owns 20,900 shares of the entertainment giant’s stock valued at $2,010,000 after acquiring an additional 300 shares during the last quarter. Finally, DT Investment Partners LLC increased its position in Walt Disney by 5.3% during the third quarter. DT Investment Partners LLC now owns 2,400 shares of the entertainment giant’s stock worth $231,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday. Moffett Nathanson lowered their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. 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, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Trading Down 0.4 %

Shares of DIS stock opened at $95.03 on Friday. The stock has a 50 day simple moving average of $92.49 and a 200 day simple moving average of $98.41. 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 1 year low of $79.23 and a 1 year high of $123.74. The stock has a market cap of $173.24 billion, a P/E ratio of 103.29, a price-to-earnings-growth ratio of 1.49 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 for the quarter, topping 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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.