Headlands Technologies LLC Buys Shares of 102,705 The Walt Disney Company (NYSE:DIS)

Headlands Technologies LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,705 shares of the entertainment giant’s stock, valued at approximately $10,198,000. Walt Disney comprises 1.1% of Headlands Technologies LLC’s investment portfolio, making the stock its 15th biggest position.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Tuesday, May 21st. Raymond James decreased their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Loop Capital decreased their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost 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 $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Stock Up 0.4 %

DIS stock traded up $0.37 during trading on Tuesday, hitting $88.71. 373,517 shares of the company’s stock traded hands, compared to its average volume of 11,281,820. The firm has a market capitalization of $160.88 billion, a P/E ratio of 96.02, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. 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 has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $103.05.

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