Atom Investors LP Makes New $8.66 Million Investment in Walt Disney Co (NYSE:DIS)

Share on StockTwits

Atom Investors LP acquired a new stake in Walt Disney Co (NYSE:DIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,673 shares of the entertainment giant’s stock, valued at approximately $8,661,000. Walt Disney accounts for about 0.6% of Atom Investors LP’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. OLD Dominion Capital Management Inc. lifted its stake in Walt Disney by 44.0% in the first quarter. OLD Dominion Capital Management Inc. now owns 41,130 shares of the entertainment giant’s stock worth $3,973,000 after acquiring an additional 12,577 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Walt Disney by 8.0% in the second quarter. Checchi Capital Advisers LLC now owns 24,546 shares of the entertainment giant’s stock valued at $2,737,000 after purchasing an additional 1,823 shares in the last quarter. Wesbanco Bank Inc. increased its stake in Walt Disney by 0.9% in the second quarter. Wesbanco Bank Inc. now owns 194,967 shares of the entertainment giant’s stock valued at $21,741,000 after purchasing an additional 1,679 shares during the last quarter. Private Vista LLC raised its holdings in Walt Disney by 26.8% during the second quarter. Private Vista LLC now owns 4,870 shares of the entertainment giant’s stock worth $545,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Indiana Trust & Investment Management CO lifted its position in shares of Walt Disney by 1.1% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 11,212 shares of the entertainment giant’s stock worth $1,250,000 after buying an additional 125 shares during the last quarter. 62.72% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Loop Capital lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Tuesday, May 19th. Cowen cut Walt Disney from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $101.00 to $97.00 in a research report on Thursday, July 16th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 target price for the company in a research report on Monday, August 17th. Goldman Sachs Group initiated coverage on Walt Disney in a research note on Monday, July 13th. They set a “buy” rating and a $137.00 price target on the stock. Finally, Barclays reiterated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Thursday, August 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $130.07.

Shares of DIS stock traded down $1.25 during midday trading on Friday, reaching $131.99. 11,240,302 shares of the company traded hands, compared to its average volume of 9,148,066. The firm’s 50 day simple moving average is $125.58 and its two-hundred day simple moving average is $115.04. The firm has a market cap of $238.51 billion, a PE ratio of -212.89, a price-to-earnings-growth ratio of 11.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.48 billion. Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. Walt Disney’s quarterly revenue was down 41.7% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. As a group, research analysts anticipate that Walt Disney Co will post 1.7 earnings per share for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Options Trading – What is a Straddle?

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

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

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

Leave a Reply