Stonekeep Investments LLC Buys Shares of 3,913 The Walt Disney Company (NYSE:DIS)

Stonekeep Investments LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,913 shares of the entertainment giant’s stock, valued at approximately $389,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Walt Disney in the fourth quarter worth about $1,938,647,000. Jennison Associates LLC purchased a new position in shares of Walt Disney in the first quarter worth approximately $1,490,492,000. Capital World Investors grew its position in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. ValueAct Holdings L.P. purchased a new stake in Walt Disney during the fourth quarter valued at approximately $459,245,000. Finally, Swedbank AB bought a new position in Walt Disney in the first quarter worth approximately $493,715,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DIS shares. Moffett Nathanson reduced their price objective 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. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Activity

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 bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.8 %

DIS stock opened at $87.94 on Monday. The firm has a market cap of $159.49 billion, a PE ratio of 95.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The firm has a fifty day moving average price of $91.98 and a 200 day moving average price of $103.19. 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share 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.