Wells Trecaso Financial Group LLC Increases Stake in The Walt Disney Company $DIS

Wells Trecaso Financial Group LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 44,570 shares of the entertainment giant’s stock after buying an additional 835 shares during the quarter. Walt Disney accounts for approximately 1.7% of Wells Trecaso Financial Group LLC’s portfolio, making the stock its 21st biggest position. Wells Trecaso Financial Group LLC’s holdings in Walt Disney were worth $5,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Apexium Financial LP boosted its stake in shares of Walt Disney by 12.5% in the 2nd quarter. Apexium Financial LP now owns 142,979 shares of the entertainment giant’s stock valued at $17,731,000 after buying an additional 15,839 shares during the period. Future Financial Wealth Managment LLC boosted its stake in shares of Walt Disney by 4.4% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 2,376 shares of the entertainment giant’s stock valued at $295,000 after buying an additional 100 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Walt Disney by 11.7% in the 2nd quarter. QRG Capital Management Inc. now owns 182,154 shares of the entertainment giant’s stock valued at $22,589,000 after buying an additional 19,090 shares during the period. Wallington Asset Management LLC boosted its stake in shares of Walt Disney by 2.5% in the 2nd quarter. Wallington Asset Management LLC now owns 50,527 shares of the entertainment giant’s stock valued at $6,266,000 after buying an additional 1,254 shares during the period. Finally, Corundum Group Inc. boosted its stake in shares of Walt Disney by 3.6% in the 2nd quarter. Corundum Group Inc. now owns 6,940 shares of the entertainment giant’s stock valued at $861,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Guggenheim lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Rosenblatt Securities lifted their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Trading Up 0.3%

DIS opened at $112.49 on Friday. The firm has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business’s 50 day moving average is $116.12 and its two-hundred day moving average is $109.95. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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

Walt Disney Company 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.