Buckley Wealth Management LLC Increases Holdings in The Walt Disney Company (NYSE:DIS)

Buckley Wealth Management LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 24.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,066 shares of the entertainment giant’s stock after buying an additional 597 shares during the period. Buckley Wealth Management LLC’s holdings in Walt Disney were worth $274,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Dark Forest Capital Management LP bought a new position in Walt Disney during the first quarter worth about $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $29,000. MBM Wealth Consultants LLC boosted its stake in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares during the period. Silicon Valley Capital Partners purchased a new position in Walt Disney during the 4th quarter valued at about $35,000. Finally, Bell Investment Advisors Inc increased its position in shares of Walt Disney by 40.3% during the first quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 127 shares during the period. Institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $85.03 on Tuesday. The firm has a market capitalization of $155.58 billion, a price-to-earnings ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28. The stock has a fifty day moving average of $85.78 and a 200 day moving average of $91.59. The Walt Disney Company has a 52 week low of $79.75 and a 52 week high of $118.18. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. Walt Disney’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. As a group, research analysts expect that The Walt Disney Company will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the sale, the executive vice president now directly owns 961 shares of the company’s stock, valued at approximately $85,577.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. Atlantic Securities cut shares of Walt Disney from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $113.00 to $76.00 in a research note on Tuesday, July 25th. Loop Capital dropped their price objective on Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Barclays decreased their target price on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. StockNews.com started coverage on Walt Disney in a research report on Thursday, August 17th. They set a “sell” rating for the company. Finally, KeyCorp lowered their target price on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.58.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.