Hoya Capital Real Estate LLC Acquires New Shares in The Walt Disney Company $DIS

Hoya Capital Real Estate LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent filing with the SEC. The fund acquired 2,004 shares of the entertainment giant’s stock, valued at approximately $249,000. Walt Disney makes up 4.7% of Hoya Capital Real Estate LLC’s holdings, making the stock its 6th largest holding.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter valued at $4,220,599,000. Jennison Associates LLC boosted its holdings in Walt Disney by 9.4% in the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after purchasing an additional 1,774,772 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after purchasing an additional 717,066 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $111.71 on Wednesday. The firm has a fifty day simple moving average of $114.47 and a two-hundred day simple moving average of $112.32. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $200.85 billion, a PE ratio of 17.51, a P/E/G ratio of 1.47 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Evercore ISI raised their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $132.90.

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.