Xcel Wealth Management LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Xcel Wealth Management LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 40.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,685 shares of the entertainment giant's stock after purchasing an additional 8,511 shares during the quarter. Xcel Wealth Management LLC's holdings in Walt Disney were worth $2,855,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DIS. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant's stock valued at $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Walt Disney by 10.8% in the second 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 purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc increased its position in shares of Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock worth $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Walt Disney by 2.5% in the 1st 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 in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

DIS traded up $0.12 during trading on Tuesday, hitting $96.74. The company's stock had a trading volume of 5,314,460 shares, compared to its average volume of 10,940,582. The firm has a market capitalization of $176.36 billion, a price-to-earnings ratio of 105.08, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The business's fifty day simple moving average is $91.94 and its 200 day simple moving average is $98.60. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 analysts' expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Moffett Nathanson decreased their price target on Walt Disney from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, July 2nd. Macquarie lowered their target price on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday, September 19th. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $110.00 price objective on shares of Walt Disney in a report on Thursday, September 26th. Finally, The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a "buy" rating and a $125.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm's 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 purchase, the director now owns 22,313 shares of the company's stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

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.