The Walt Disney Company (NYSE:DIS) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,086 shares of the entertainment giant’s stock after buying an additional 543 shares during the period. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $2,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walt Disney by 44.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock valued at $2,358,539,000 after acquiring an additional 7,654,961 shares in the last quarter. Vanguard Group Inc. increased its stake in Walt Disney by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock worth $19,266,382,000 after buying an additional 2,514,894 shares during the period. Matrix Capital Management Company LP increased its stake in Walt Disney by 50.7% during the 1st quarter. Matrix Capital Management Company LP now owns 6,330,000 shares of the entertainment giant’s stock worth $868,223,000 after buying an additional 2,130,000 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Walt Disney by 659.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,252,131 shares of the entertainment giant’s stock worth $308,902,000 after buying an additional 1,955,532 shares during the period. Finally, Primecap Management Co. CA increased its stake in Walt Disney by 55.9% during the 2nd quarter. Primecap Management Co. CA now owns 5,420,417 shares of the entertainment giant’s stock worth $511,687,000 after buying an additional 1,942,870 shares during the period. Institutional investors and hedge funds own 62.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DIS. Royal Bank of Canada set a $130.00 price target on shares of Walt Disney in a research note on Monday, November 21st. Tigress Financial dropped their price target on shares of Walt Disney from $229.00 to $177.00 in a research note on Tuesday, November 22nd. KeyCorp dropped their target price on shares of Walt Disney from $143.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, November 9th. Evercore ISI dropped their target price on shares of Walt Disney from $140.00 to $115.00 in a research report on Wednesday, November 9th. Finally, Cowen dropped their target price on shares of Walt Disney from $124.00 to $94.00 in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.65.

Walt Disney Trading Down 0.3 %

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Walt Disney stock opened at $86.88 on Tuesday. The firm has a 50-day moving average price of $94.66 and a two-hundred day moving average price of $100.75. The firm has a market capitalization of $158.43 billion, a price-to-earnings ratio of 50.51, a PEG ratio of 1.74 and a beta of 1.22. The Walt Disney Company has a 52-week low of $84.07 and a 52-week high of $160.32. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.46.

Walt Disney (NYSE:DIS – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The company had revenue of $20.15 billion during the quarter, compared to analyst estimates of $21.10 billion. Walt Disney had a return on equity of 6.96% and a net margin of 3.80%. Sell-side analysts expect that The Walt Disney Company will post 4.05 earnings per share for the current year.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.