The Walt Disney Company (NYSE:DIS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in The Walt Disney Company (NYSE:DIS) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,880 shares of the entertainment giant’s stock after purchasing an additional 4,878 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Walt Disney were worth $10,377,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. ESL Trust Services LLC purchased a new position in Walt Disney during the 1st quarter worth $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney in the second quarter valued at about $32,000. Mascoma Wealth Management LLC boosted its holdings in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. Red Tortoise LLC increased its position in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Finally, First PREMIER Bank raised its stake in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DIS. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Price Performance

Walt Disney stock opened at $95.03 on Friday. The firm’s 50-day moving average is $92.61 and its two-hundred day moving average is $98.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $173.24 billion, a P/E ratio of 103.29, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

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

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase 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.