The Walt Disney Company (NYSE:DIS) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC grew its position in The Walt Disney Company (NYSE:DISGet Rating) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,905 shares of the entertainment giant’s stock after purchasing an additional 32,458 shares during the period. Gateway Investment Advisers LLC’s holdings in Walt Disney were worth $56,914,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DIS. Vista Private Wealth Partners. LLC increased its holdings in Walt Disney by 9.1% in the 2nd quarter. Vista Private Wealth Partners. LLC now owns 2,573 shares of the entertainment giant’s stock valued at $246,000 after purchasing an additional 215 shares in the last quarter. PFG Advisors purchased a new stake in shares of Walt Disney in the second quarter worth about $693,000. Arlington Financial Advisors LLC grew its stake in shares of Walt Disney by 4.8% in the second quarter. Arlington Financial Advisors LLC now owns 25,162 shares of the entertainment giant’s stock valued at $2,375,000 after buying an additional 1,160 shares in the last quarter. Castle Rock Wealth Management LLC raised its holdings in shares of Walt Disney by 21.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 5,716 shares of the entertainment giant’s stock valued at $556,000 after buying an additional 1,008 shares during the period. Finally, Hamilton Wealth LLC acquired a new position in Walt Disney during the 2nd quarter worth approximately $3,910,000. Hedge funds and other institutional investors own 61.37% of the company’s stock.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

DIS opened at $102.16 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $110.43 and its 200 day moving average price is $113.15. The Walt Disney Company has a fifty-two week low of $90.23 and a fifty-two week high of $179.63. The firm has a market cap of $186.24 billion, a price-to-earnings ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The business’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, sell-side analysts expect that The Walt Disney Company will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wolfe Research lowered their price objective on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Guggenheim raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $145.00 in a research note on Thursday, August 11th. Credit Suisse Group decreased their price objective on shares of Walt Disney from $170.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Citigroup dropped their target price on Walt Disney from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, Rosenblatt Securities raised their price objective on Walt Disney from $124.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.48.

Walt Disney Profile

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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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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