Belpointe Asset Management LLC Purchases 2,593 Shares of The Walt Disney Company $DIS

Belpointe Asset Management LLC increased its position in The Walt Disney Company (NYSE:DIS) by 12.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,756 shares of the entertainment giant’s stock after acquiring an additional 2,593 shares during the quarter. Belpointe Asset Management LLC’s holdings in Walt Disney were worth $2,946,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DIS. Valley National Advisers Inc. grew its holdings in Walt Disney by 10.2% during the 2nd quarter. Valley National Advisers Inc. now owns 5,593 shares of the entertainment giant’s stock worth $693,000 after acquiring an additional 519 shares during the last quarter. Eads & Heald Wealth Management grew its stake in shares of Walt Disney by 5.3% in the second quarter. Eads & Heald Wealth Management now owns 10,686 shares of the entertainment giant’s stock worth $1,325,000 after purchasing an additional 536 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Walt Disney by 5.2% in the second quarter. Valeo Financial Advisors LLC now owns 106,183 shares of the entertainment giant’s stock worth $13,168,000 after purchasing an additional 5,258 shares during the last quarter. Plimoth Trust Co. LLC increased its holdings in Walt Disney by 7.0% in the second quarter. Plimoth Trust Co. LLC now owns 28,231 shares of the entertainment giant’s stock valued at $3,501,000 after purchasing an additional 1,855 shares during the period. Finally, DAVENPORT & Co LLC raised its position in Walt Disney by 1.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 175,999 shares of the entertainment giant’s stock worth $21,824,000 after purchasing an additional 1,831 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $112.83 on Tuesday. The company has a fifty day moving average of $115.97 and a 200-day moving average of $110.19. The firm has a market capitalization of $202.86 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.48 and a beta of 1.54. 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 twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, sell-side analysts anticipate 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. Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.18.

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.