The Walt Disney Company $DIS Shares Purchased by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC raised its stake in The Walt Disney Company (NYSE:DIS) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123 shares of the entertainment giant’s stock after purchasing an additional 94 shares during the period. Bruce G. Allen Investments LLC’s holdings in Walt Disney were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Walt Disney by 158.5% in the 4th quarter. Two Sigma Investments LP now owns 78,587 shares of the entertainment giant’s stock valued at $8,751,000 after purchasing an additional 48,184 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Walt Disney during the 4th quarter worth $6,158,000. Vivaldi Capital Management LP lifted its position in shares of Walt Disney by 4.7% during the 4th quarter. Vivaldi Capital Management LP now owns 4,272 shares of the entertainment giant’s stock worth $484,000 after purchasing an additional 191 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Walt Disney by 9.5% during the fourth quarter. Vident Advisory LLC now owns 9,263 shares of the entertainment giant’s stock worth $1,032,000 after purchasing an additional 801 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Wall Street Zen cut Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Down 0.3%

Shares of NYSE:DIS opened at $115.30 on Wednesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $118.06 and its 200-day simple moving average is $109.05. The company has a market cap of $207.30 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.67 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.