Lmcg Investments LLC Purchases 23,116 Shares of The Walt Disney Company (NYSE:DIS)

Lmcg Investments LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,353 shares of the entertainment giant's stock after purchasing an additional 23,116 shares during the quarter. Lmcg Investments LLC's holdings in Walt Disney were worth $14,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Transcendent Capital Group LLC raised its stake in shares of Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant's stock valued at $968,000 after acquiring an additional 108 shares during the last quarter. ADE LLC increased its holdings in shares of Walt Disney by 4.6% in the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant's stock valued at $249,000 after purchasing an additional 110 shares in the last quarter. Absher Wealth Management LLC increased its holdings in shares of Walt Disney by 0.8% in the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant's stock valued at $1,360,000 after purchasing an additional 111 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in Walt Disney by 2.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant's stock worth $493,000 after acquiring an additional 112 shares during the period. Finally, Zhang Financial LLC grew its holdings in Walt Disney by 5.7% during the 2nd quarter. Zhang Financial LLC now owns 2,078 shares of the entertainment giant's stock worth $206,000 after acquiring an additional 112 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Evercore ISI lowered their target price on shares of Walt Disney from $128.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Finally, UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $118.05.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

Walt Disney Stock Down 0.4 %

Shares of NYSE:DIS traded down $0.39 during midday trading on Friday, reaching $95.81. The company had a trading volume of 7,944,869 shares, compared to its average volume of 10,790,926. The Walt Disney Company has a 1-year low of $81.82 and a 1-year high of $123.74. The stock has a market cap of $173.76 billion, a PE ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The business's 50 day moving average price is $93.16 and its 200 day moving average price is $97.45.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business posted $1.03 EPS. The business's revenue was up 3.9% compared to the same quarter last year. Research analysts forecast that The Walt Disney Company will post 4.93 EPS 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.