Hager Investment Management Services LLC Purchases 315 Shares of The Walt Disney Company $DIS

Hager Investment Management Services LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 82.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 697 shares of the entertainment giant’s stock after acquiring an additional 315 shares during the period. Hager Investment Management Services LLC’s holdings in Walt Disney were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney during the second quarter valued at $4,220,599,000. Nuveen LLC purchased a new stake in shares of Walt Disney during the first quarter valued at $1,353,607,000. Diamond Hill Capital Management Inc. boosted its stake in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after purchasing an additional 2,578,004 shares during the period. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $111.83 on Thursday. The firm has a market cap of $201.06 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.48 and a beta of 1.54. The firm has a 50-day simple moving average of $115.67 and a two-hundred day simple moving average of $110.22. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Barclays upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Evercore ISI upped their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.18.

About Walt Disney

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.