Prasad Wealth Partners LLC Buys New Shares in The Walt Disney Company $DIS

Prasad Wealth Partners LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,926 shares of the entertainment giant’s stock, valued at approximately $239,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. OLD National Bancorp IN raised its stake in shares of Walt Disney by 5.7% in the first quarter. OLD National Bancorp IN now owns 18,015 shares of the entertainment giant’s stock valued at $1,778,000 after acquiring an additional 964 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Walt Disney by 4.4% in the first quarter. Park Avenue Securities LLC now owns 73,299 shares of the entertainment giant’s stock valued at $7,233,000 after purchasing an additional 3,073 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Walt Disney by 5.7% in the first quarter. First Citizens Bank & Trust Co. now owns 35,564 shares of the entertainment giant’s stock valued at $3,510,000 after purchasing an additional 1,933 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its holdings in shares of Walt Disney by 8.9% in the first quarter. Wesbanco Bank Inc. now owns 52,601 shares of the entertainment giant’s stock valued at $5,192,000 after purchasing an additional 4,291 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DIS. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Finally, Morgan Stanley raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Price Performance

Shares of DIS stock opened at $112.83 on Tuesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $202.86 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth 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 firm has a fifty day moving average of $115.97 and a 200-day moving average of $110.19.

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

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.