Schaper Benz & Wise Investment Counsel Inc. WI Purchases 6,155 Shares of The Walt Disney Company (NYSE:DIS)

Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,845 shares of the entertainment giant's stock after purchasing an additional 6,155 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Walt Disney were worth $12,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Mcdonald Partners LLC raised its holdings in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant's stock worth $2,199,000 after buying an additional 88 shares during the period. Sendero Wealth Management LLC lifted its position in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock worth $569,000 after purchasing an additional 89 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock valued at $343,000 after purchasing an additional 94 shares during the period. Horizon Bancorp Inc. IN boosted its position in Walt Disney by 6.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant's stock valued at $205,000 after buying an additional 96 shares during the period. Finally, KFA Private Wealth Group LLC grew its stake in Walt Disney by 4.1% in the 1st quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant's stock worth $329,000 after acquiring an additional 106 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Piper Sandler began coverage on Walt Disney in a report on Wednesday. They issued a "neutral" rating and a $95.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price objective on Walt Disney from $145.00 to $120.00 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, Seaport Res Ptn upgraded shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.05.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company's stock in a transaction dated 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 acquisition, the director now directly owns 22,313 shares of the company's stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company's stock.

Walt Disney Trading Up 0.8 %

Walt Disney stock opened at $97.28 on Friday. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The stock has a market cap of $177.35 billion, a PE ratio of 105.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a 50-day moving average of $91.72 and a two-hundred day moving average of $98.89.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates 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 was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.

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