1,777 Shares in The Walt Disney Company $DIS Purchased by Jessup Wealth Management Inc

Jessup Wealth Management Inc acquired a new stake in The Walt Disney Company (NYSE:DIS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,777 shares of the entertainment giant’s stock, valued at approximately $220,000.

Other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the 1st quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter valued at $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth $49,000. Finally, Core Alternative Capital grew its stake in shares of Walt Disney by 71.0% during the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $112.70 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a fifty day moving average of $114.12 and a 200-day moving average of $112.88. The stock has a market cap of $202.63 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company 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.