Sage Mountain Advisors LLC Boosts Stake in The Walt Disney Company $DIS

Sage Mountain Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,939 shares of the entertainment giant’s stock after buying an additional 1,532 shares during the period. Sage Mountain Advisors LLC’s holdings in Walt Disney were worth $1,109,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. increased its stake in Walt Disney by 1.6% in the 2nd quarter. Lee Danner & Bass Inc. now owns 122,728 shares of the entertainment giant’s stock valued at $15,220,000 after buying an additional 1,899 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Walt Disney by 4.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,912,411 shares of the entertainment giant’s stock valued at $609,188,000 after acquiring an additional 202,013 shares during the period. Jackson Hole Capital Partners LLC grew its position in shares of Walt Disney by 17.5% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 21,719 shares of the entertainment giant’s stock valued at $2,693,000 after acquiring an additional 3,234 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of Walt Disney by 42.4% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,100 shares of the entertainment giant’s stock valued at $1,501,000 after acquiring an additional 3,600 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Walt Disney by 1.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 857,932 shares of the entertainment giant’s stock valued at $106,392,000 after acquiring an additional 14,164 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.2%

Shares of NYSE:DIS opened at $111.64 on Friday. The firm has a fifty day moving average price of $114.64 and a two-hundred day moving average price of $111.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a market cap of $200.72 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

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.