The Walt Disney Company (NYSE:DIS) Shares Purchased by Morse Asset Management Inc

Morse Asset Management Inc raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 17.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,366 shares of the entertainment giant’s stock after acquiring an additional 3,185 shares during the quarter. Morse Asset Management Inc’s holdings in Walt Disney were worth $2,055,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DIS. Concurrent Investment Advisors LLC raised its stake in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after buying an additional 114,701 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Walt Disney during the 3rd quarter valued at about $14,079,000. Finally, Lmcg Investments LLC lifted its holdings in Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.6 %

Shares of NYSE:DIS opened at $116.45 on Wednesday. The stock has a market capitalization of $210.88 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.18 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a 50 day moving average price of $101.40 and a 200 day moving average price of $97.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Macquarie upped their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Needham & Company LLC increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. UBS Group reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.83.

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.