Wright Investors Service Inc. Takes $771,000 Position in The Walt Disney Company (NYSE:DIS)

Wright Investors Service Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,763 shares of the entertainment giant's stock, valued at approximately $771,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant's stock worth $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Norges Bank bought a new position in Walt Disney in the 4th quarter worth $1,938,647,000. Bank of New York Mellon Corp lifted its position in Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant's stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Jennison Associates LLC bought a new stake in Walt Disney during the first quarter valued at about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant's stock worth $1,473,252,000 after purchasing an additional 293,482 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reduced their price objective on Walt Disney from $145.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Raymond James dropped their target price on shares of Walt Disney from $123.00 to $101.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Finally, Macquarie dropped their price objective on shares of Walt Disney from $107.00 to $94.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.95.

Walt Disney Price Performance

Shares of NYSE DIS traded down $1.41 during midday trading on Wednesday, reaching $89.49. 8,494,609 shares of the company traded hands, compared to its average volume of 11,509,095. The stock's 50-day simple moving average is $93.95 and its 200-day simple moving average is $104.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market cap of $163.14 billion, a PE ratio of 97.27, a PEG ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 1.90% and a return on equity of 8.37%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

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.

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