Salomon & Ludwin LLC Purchases 105 Shares of The Walt Disney Company $DIS

Salomon & Ludwin LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,739 shares of the entertainment giant’s stock after acquiring an additional 105 shares during the period. Salomon & Ludwin LLC’s holdings in Walt Disney were worth $460,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter valued at about $26,000. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the period. Harbor Asset Planning Inc. acquired a new position in Walt Disney in the second quarter valued at about $37,000. Finally, RMG Wealth Management LLC acquired a new position in Walt Disney in the second quarter valued at about $49,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7%

NYSE:DIS opened at $110.69 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $199.00 billion, a PE ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a 50-day simple moving average of $114.86 and a 200 day simple moving average of $110.83.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on DIS. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Company 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.