CWC Advisors LLC. Takes Position in The Walt Disney Company (NYSE:DIS)

CWC Advisors LLC. bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,142 shares of the entertainment giant’s stock, valued at approximately $1,360,000. Walt Disney makes up 1.3% of CWC Advisors LLC.’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Burford Brothers Inc. boosted its position in shares of Walt Disney by 12.4% during the third quarter. Burford Brothers Inc. now owns 4,387 shares of the entertainment giant’s stock worth $422,000 after buying an additional 484 shares during the period. Cromwell Holdings LLC lifted its stake in Walt Disney by 4.9% in the 3rd quarter. Cromwell Holdings LLC now owns 5,940 shares of the entertainment giant’s stock valued at $571,000 after acquiring an additional 277 shares in the last quarter. Pavion Blue Capital LLC boosted its position in Walt Disney by 2.4% during the 3rd quarter. Pavion Blue Capital LLC now owns 55,811 shares of the entertainment giant’s stock worth $5,368,000 after acquiring an additional 1,304 shares during the last quarter. Shayne & Jacobs LLC grew its stake in shares of Walt Disney by 11.9% during the 3rd quarter. Shayne & Jacobs LLC now owns 29,260 shares of the entertainment giant’s stock worth $2,815,000 after acquiring an additional 3,113 shares in the last quarter. Finally, Sigma Investment Counselors Inc. raised its holdings in shares of Walt Disney by 6.8% in the third quarter. Sigma Investment Counselors Inc. now owns 4,039 shares of the entertainment giant’s stock valued at $389,000 after purchasing an additional 258 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.4 %

Shares of Walt Disney stock opened at $95.03 on Friday. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The stock has a market cap of $173.24 billion, a PE ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The firm has a 50-day moving average of $92.61 and a 200-day moving average of $98.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

About Walt Disney

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.