The Walt Disney Company (NYSE:DIS) Shares Acquired by Lynch Asset Management Inc.

Lynch Asset Management Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,975 shares of the entertainment giant's stock after buying an additional 5,700 shares during the period. Walt Disney comprises about 1.7% of Lynch Asset Management Inc.'s portfolio, making the stock its 16th biggest position. Lynch Asset Management Inc.'s holdings in Walt Disney were worth $4,134,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DIS. ESL Trust Services LLC purchased a new stake in Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC lifted its stake in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock worth $44,000 after purchasing an additional 122 shares during the last quarter. Red Tortoise LLC increased its stake in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant's stock valued at $45,000 after purchasing an additional 215 shares during the last quarter. Finally, First PREMIER Bank raised its holdings in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Macquarie cut their target price on Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, September 19th. Needham & Company LLC reissued a "buy" rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $118.05.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.37 during trading on Friday, hitting $95.03. 6,638,148 shares of the company were exchanged, compared to its average volume of 10,864,460. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The company has a market cap of $173.24 billion, a price-to-earnings ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The firm's fifty day moving average price is $92.61 and its 200 day moving average price is $97.99. 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 released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the business posted $1.03 earnings per share. Walt Disney's revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm's stock in a transaction 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 in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company's stock.

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.