Drake & Associates LLC Takes $224,000 Position in The Walt Disney Company $DIS

Drake & Associates LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,803 shares of the entertainment giant’s stock, valued at approximately $224,000.

Other hedge funds have also recently added to or reduced their stakes in the company. KPP Advisory Services LLC increased its position in shares of Walt Disney by 7.5% in the 2nd quarter. KPP Advisory Services LLC now owns 15,730 shares of the entertainment giant’s stock valued at $1,951,000 after purchasing an additional 1,095 shares during the last quarter. Iowa State Bank raised its holdings in shares of Walt Disney by 1.0% in the 2nd quarter. Iowa State Bank now owns 26,491 shares of the entertainment giant’s stock valued at $3,285,000 after purchasing an additional 266 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of Walt Disney by 12.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 23,756 shares of the entertainment giant’s stock worth $2,946,000 after purchasing an additional 2,593 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of Walt Disney by 10.2% during the second quarter. Valley National Advisers Inc. now owns 5,593 shares of the entertainment giant’s stock worth $693,000 after purchasing an additional 519 shares in the last quarter. Finally, Eads & Heald Wealth Management increased its holdings in Walt Disney by 5.3% in the second quarter. Eads & Heald Wealth Management now owns 10,686 shares of the entertainment giant’s stock valued at $1,325,000 after buying an additional 536 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DIS shares. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their price target 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. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, 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. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Price Performance

DIS stock opened at $112.83 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $202.86 billion, a P/E ratio of 17.68, a PEG ratio of 1.48 and a beta of 1.54. The business has a 50 day simple moving average of $115.97 and a 200-day simple moving average of $110.19. 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 released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.