Lazari Capital Management Inc. Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Lazari Capital Management Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,765 shares of the entertainment giant’s stock after purchasing an additional 8,033 shares during the period. Walt Disney comprises 3.1% of Lazari Capital Management Inc.’s holdings, making the stock its 7th largest position. Lazari Capital Management Inc.’s holdings in Walt Disney were worth $7,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC boosted its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. Red Tortoise LLC grew its holdings in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. Finally, First PREMIER Bank increased its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.2 %

DIS opened at $96.78 on Wednesday. The stock has a fifty day moving average of $92.16 and a 200-day moving average of $98.45. The company has a market capitalization of $176.43 billion, a P/E ratio of 105.20, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. 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 issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. On average, equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on DIS shares. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Macquarie lowered their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

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.