McGinn Penninger Investment Management Inc. Has $6.67 Million Stock Position in The Walt Disney Company $DIS

McGinn Penninger Investment Management Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,774 shares of the entertainment giant’s stock after acquiring an additional 2,042 shares during the quarter. Walt Disney accounts for 4.2% of McGinn Penninger Investment Management Inc.’s portfolio, making the stock its 6th largest holding. McGinn Penninger Investment Management Inc.’s holdings in Walt Disney were worth $6,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of DIS. DiNuzzo Private Wealth Inc. lifted its holdings in shares of 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 purchasing an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at $26,000. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the second quarter valued at $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney in the second quarter valued at $49,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 135 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 0.4%

Walt Disney stock opened at $112.14 on Tuesday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market capitalization of $201.62 billion, a PE ratio of 17.58, a PEG ratio of 1.45 and a beta of 1.54. The business’s 50-day simple moving average is $114.01 and its 200-day simple moving average is $113.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for 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%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. UBS Group increased their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus 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.