Boenning & Scattergood Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,261 shares of the entertainment giant’s stock after purchasing an additional 2,942 shares during the period. Boenning & Scattergood Inc.’s holdings in Walt Disney were worth $3,329,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Clear Perspectives Financial Planning LLC lifted its stake in shares of Walt Disney by 126.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Roble Belko & Company Inc raised its holdings in Walt Disney by 96.2% in the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after acquiring an additional 101 shares during the period. Worth Asset Management LLC bought a new position in Walt Disney in the 1st quarter worth $29,000. Rational Advisors LLC raised its holdings in Walt Disney by 74.1% in the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 103 shares during the period. Finally, MBM Wealth Consultants LLC raised its holdings in Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 61.37% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on DIS shares. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Wells Fargo & Company lifted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Royal Bank of Canada set a $150.00 target price on shares of Walt Disney in a report on Wednesday, August 10th. Morgan Stanley dropped their target price on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. Finally, KeyCorp boosted their price objective on shares of Walt Disney from $131.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.48.
Insider Buying and Selling at Walt Disney
Walt Disney Price Performance
Shares of Walt Disney stock opened at $102.16 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The firm’s 50-day simple moving average is $110.43 and its 200-day simple moving average is $113.15. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $179.63. The firm has a market cap of $186.24 billion, a P/E ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20.
Walt Disney (NYSE:DIS – Get Rating) last issued its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The firm’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. As a group, research analysts expect that The Walt Disney Company will post 3.85 EPS for the current fiscal year.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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