2,940 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,940 shares of the entertainment giant’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. TrinityPoint Wealth LLC grew its holdings in The Walt Disney by 1.0% during the first quarter. TrinityPoint Wealth LLC now owns 5,758 shares of the entertainment giant’s stock valued at $1,062,000 after purchasing an additional 56 shares during the period. McIlrath & Eck LLC grew its holdings in The Walt Disney by 2.2% during the first quarter. McIlrath & Eck LLC now owns 2,684 shares of the entertainment giant’s stock valued at $495,000 after purchasing an additional 57 shares during the period. Resource Management LLC grew its holdings in The Walt Disney by 0.6% during the first quarter. Resource Management LLC now owns 9,457 shares of the entertainment giant’s stock valued at $1,745,000 after purchasing an additional 59 shares during the period. Gill Capital Partners LLC grew its holdings in The Walt Disney by 3.0% during the second quarter. Gill Capital Partners LLC now owns 2,031 shares of the entertainment giant’s stock valued at $357,000 after purchasing an additional 59 shares during the period. Finally, Wealth Architects LLC grew its holdings in The Walt Disney by 1.4% during the second quarter. Wealth Architects LLC now owns 4,460 shares of the entertainment giant’s stock valued at $784,000 after purchasing an additional 60 shares during the period. 64.10% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the transaction, the executive vice president now owns 42,620 shares of the company’s stock, valued at $7,951,613.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert A. Chapek sold 10,587 shares of the company’s stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $182.00, for a total value of $1,926,834.00. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

DIS has been the topic of several research analyst reports. Barclays boosted their price objective on The Walt Disney from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 13th. Evercore ISI restated a “buy” rating and issued a $210.00 price objective on shares of The Walt Disney in a research report on Wednesday, September 22nd. Zacks Investment Research downgraded The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research report on Wednesday, August 18th. Wells Fargo & Company boosted their price objective on The Walt Disney from $209.00 to $216.00 and gave the company an “overweight” rating in a research report on Friday, August 13th. Finally, Royal Bank of Canada boosted their price objective on The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, August 13th. Four analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, The Walt Disney has a consensus rating of “Buy” and a consensus target price of $209.19.

Shares of NYSE DIS opened at $176.00 on Monday. The business’s 50 day moving average is $178.57 and its two-hundred day moving average is $180.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.24 and a quick ratio of 1.19. The Walt Disney Company has a 1-year low of $117.23 and a 1-year high of $203.02. The stock has a market capitalization of $319.81 billion, a P/E ratio of 288.52, a PEG ratio of 3.50 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. The company had revenue of $17.02 billion for the quarter, compared to analysts’ expectations of $16.82 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 2.45 earnings per share for the current fiscal year.

The Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

Read More: Day Trading – Risk Worth the Reward?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS).

Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

Receive News & Ratings for The Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.