J. Safra Sarasin Holding AG Has $27.63 Million Position in The Walt Disney Company $DIS

J. Safra Sarasin Holding AG lifted its position in The Walt Disney Company (NYSE:DIS) by 0.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 222,846 shares of the entertainment giant’s stock after purchasing an additional 99 shares during the period. J. Safra Sarasin Holding AG’s holdings in Walt Disney were worth $27,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its position in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after acquiring an additional 87 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after buying an additional 87 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in shares of Walt Disney by 9.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after buying an additional 94 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its position in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock worth $1,629,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.97 on Thursday. 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 business has a 50-day simple moving average of $116.50 and a 200-day simple moving average of $109.77. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market cap of $203.11 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DIS shares. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Rosenblatt Securities boosted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

About Walt Disney

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.