swisspartners Advisors Ltd Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

swisspartners Advisors Ltd boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,563 shares of the entertainment giant’s stock after acquiring an additional 2,830 shares during the period. Walt Disney accounts for about 4.1% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 12th largest holding. swisspartners Advisors Ltd’s holdings in Walt Disney were worth $5,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Vanguard Group Inc. increased its position in Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the first quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4 %

Shares of DIS stock traded down $0.39 during mid-day trading on Friday, hitting $95.81. The stock had a trading volume of 7,944,869 shares, compared to its average volume of 10,790,926. 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 firm’s 50-day moving average is $93.16 and its two-hundred day moving average is $97.57. The firm has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40. The Walt Disney Company has a 12-month low of $81.82 and a 12-month high of $123.74.

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, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. On average, analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Macquarie cut their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Bank of America cut their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney 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.