Cullen Frost Bankers Inc. Acquires 5,972 Shares of The Walt Disney Company $DIS

Cullen Frost Bankers Inc. grew its holdings in The Walt Disney Company (NYSE:DIS) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 234,714 shares of the entertainment giant’s stock after purchasing an additional 5,972 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $29,107,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DIS. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. GAMMA Investing LLC boosted its stake in Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after acquiring an additional 1,856 shares during the last quarter. Valmark Advisers Inc. boosted its stake in Walt Disney by 7.5% during the 1st quarter. Valmark Advisers Inc. now owns 12,912 shares of the entertainment giant’s stock worth $1,274,000 after acquiring an additional 905 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in Walt Disney by 6.8% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 2,873 shares of the entertainment giant’s stock worth $284,000 after acquiring an additional 182 shares during the last quarter. Finally, Narwhal Capital Management boosted its stake in Walt Disney by 19.8% during the 1st quarter. Narwhal Capital Management now owns 46,698 shares of the entertainment giant’s stock worth $4,609,000 after acquiring an additional 7,706 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $114.32 on Wednesday. The company has a market capitalization of $205.54 billion, a PE ratio of 17.92, a P/E/G ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50 day simple moving average of $114.86 and a two-hundred day simple moving average of $111.21.

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 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 company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the business earned $1.39 EPS. Walt Disney’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

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.