Lombard Odier Asset Management USA Corp Invests $990,000 in The Walt Disney Company (NYSE:DIS)

Lombard Odier Asset Management USA Corp acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,975 shares of the entertainment giant's stock, valued at approximately $990,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the first quarter valued at $1,490,492,000. Capital World Investors lifted its holdings in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant's stock valued at $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney during the 4th quarter worth about $459,245,000. Swedbank AB purchased a new stake in shares of Walt Disney during the first quarter worth about $493,715,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney in the first quarter valued at approximately $425,567,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.79 on Monday, hitting $92.96. The company had a trading volume of 7,336,204 shares, compared to its average volume of 11,254,518. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market cap of $169.47 billion, a PE ratio of 101.04, a PEG ratio of 1.31 and a beta of 1.40. The business has a 50-day simple moving average of $90.59 and a 200-day simple moving average of $101.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analysts' expectations of $23.08 billion. During the same period last year, the firm earned $1.03 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased 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 owns 22,313 shares of the company's stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Raymond James decreased their price target on Walt Disney from $123.00 to $101.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Bank of America lowered their price objective 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. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $118.43.

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.