Johnson Investment Counsel Inc. Increases Stake in The Walt Disney Company $DIS

Johnson Investment Counsel Inc. grew its position in shares of The Walt Disney Company (NYSE:DIS) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,732 shares of the entertainment giant’s stock after buying an additional 941 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Walt Disney were worth $7,159,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its position in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the 1st quarter worth $26,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. RMG Wealth Management LLC purchased a new position in Walt Disney during the 2nd quarter worth $49,000. Finally, Wolff Wiese Magana LLC raised its position in Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after buying an additional 135 shares during the last quarter. 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 a number of analyst reports. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim increased 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. JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Down 1.6%

Shares of NYSE DIS opened at $109.17 on Monday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market capitalization of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm’s 50-day moving average is $115.36 and its two-hundred day moving average is $110.48.

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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.