Syverson Strege & Co Purchases New Shares in The Walt Disney Company $DIS

Syverson Strege & Co purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,602 shares of the entertainment giant’s stock, valued at approximately $323,000.

Other large investors have also added to or reduced their stakes in the company. J. Safra Sarasin Holding AG raised its stake in Walt Disney by 8.1% during 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 last quarter. Planning Directions Inc. purchased a new position in Walt Disney during the first quarter valued at $326,000. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the second quarter valued at $4,220,599,000. Wedge Capital Management L L P NC raised its stake in Walt Disney by 8,744.0% during 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 last quarter. Finally, Lodge Hill Capital LLC purchased a new position in shares of Walt Disney in the first quarter worth $24,373,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $112.70 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54. The business has a fifty day moving average of $114.12 and a 200 day moving average of $112.68.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DIS. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.