The Walt Disney Company $DIS Shares Bought by Balboa Wealth Partners

Balboa Wealth Partners grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,720 shares of the entertainment giant’s stock after acquiring an additional 135 shares during the quarter. Balboa Wealth Partners’ holdings in Walt Disney were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG lifted its holdings in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. acquired a new stake in shares of Walt Disney in the first quarter valued at $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the second quarter valued at $4,220,599,000. Wedge Capital Management L L P NC lifted its holdings in shares of Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the period. Finally, WoodTrust Financial Corp lifted its holdings in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 1.2%

NYSE:DIS opened at $112.01 on Tuesday. The firm has a market capitalization of $201.39 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $114.85 and its 200 day moving average price is $111.19.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.39 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DIS shares. Morgan Stanley upped their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a report on Friday. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney 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.