Family Capital Management Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 2,475 shares of the entertainment giant’s stock, valued at approximately $307,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of Walt Disney by 7.5% during the 1st quarter. Valmark Advisers Inc. now owns 12,912 shares of the entertainment giant’s stock worth $1,274,000 after acquiring an additional 905 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its position in shares of Walt Disney by 6.8% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 2,873 shares of the entertainment giant’s stock worth $284,000 after acquiring an additional 182 shares in the last quarter. Finally, Narwhal Capital Management boosted its position in shares of Walt Disney by 19.8% during the 1st quarter. Narwhal Capital Management now owns 46,698 shares of the entertainment giant’s stock worth $4,609,000 after acquiring an additional 7,706 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.
Wall Street Analyst Weigh In
DIS has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Finally, UBS Group raised their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.
Walt Disney Stock Performance
Shares of Walt Disney stock opened at $114.32 on Wednesday. The company’s 50 day moving average price is $114.86 and its two-hundred day moving average price is $111.21. The firm has a market capitalization of $205.54 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
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.
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