Hixon Zuercher LLC Buys 244 Shares of The Walt Disney Company (NYSE:DIS)

Hixon Zuercher LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,623 shares of the entertainment giant’s stock after acquiring an additional 244 shares during the quarter. Hixon Zuercher LLC’s holdings in Walt Disney were worth $2,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. ESL Trust Services LLC bought a new position in Walt Disney during the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank boosted its holdings in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its position in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 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 completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.9 %

NYSE:DIS opened at $96.66 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $83.59 and a 1-year high of $123.74. The firm has a market capitalization of $175.30 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.52 and a beta of 1.40. The business’s 50-day moving average price is $93.36 and its two-hundred day moving average price is $97.11.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, equities analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Bank of America dropped their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.