Applied Finance Capital Management LLC Buys 48,189 Shares of The Walt Disney Company (NYSE:DIS)

Applied Finance Capital Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,274 shares of the entertainment giant's stock after purchasing an additional 48,189 shares during the period. Walt Disney makes up 1.0% of Applied Finance Capital Management LLC's portfolio, making the stock its 24th biggest position. Applied Finance Capital Management LLC's holdings in Walt Disney were worth $42,254,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in shares of Walt Disney during the 3rd quarter valued at $2,942,000. Capital Performance Advisors LLP bought a new position in Walt Disney during the third quarter valued at approximately $172,000. Granite Group Advisors LLC grew its position in Walt Disney by 47.7% in the third quarter. Granite Group Advisors LLC now owns 739,835 shares of the entertainment giant's stock worth $71,165,000 after acquiring an additional 238,893 shares in the last quarter. Reik & CO. LLC lifted its stake in shares of Walt Disney by 124.8% in the 3rd quarter. Reik & CO. LLC now owns 8,613 shares of the entertainment giant's stock valued at $828,000 after purchasing an additional 4,781 shares during the last quarter. Finally, Summit Global Investments increased its position in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock worth $1,191,000 after buying an additional 10,230 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE:DIS traded up $0.09 during mid-day trading on Friday, hitting $99.02. The company's stock had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. 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 stock has a fifty day moving average of $93.90 and a 200-day moving average of $97.05. The company has a market capitalization of $179.58 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to analysts' expectations of $23.08 billion. During the same period in the prior year, the firm posted $1.03 EPS. Walt Disney's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Macquarie decreased their price target on Walt Disney from $94.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday, September 19th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Finally, Raymond James restated a "market perform" rating on shares of Walt Disney in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus 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.