Klingman & Associates LLC Grows Stake in The Walt Disney Company $DIS

Klingman & Associates LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,694 shares of the entertainment giant’s stock after acquiring an additional 744 shares during the quarter. Klingman & Associates LLC’s holdings in Walt Disney were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after buying an additional 1,856 shares during the period. Advisor Resource Council bought a new stake in Walt Disney during the 1st quarter valued at approximately $434,000. Childress Capital Advisors LLC boosted its position in Walt Disney by 24.8% during the 1st quarter. Childress Capital Advisors LLC now owns 2,662 shares of the entertainment giant’s stock valued at $263,000 after acquiring an additional 529 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC raised its position in shares of Walt Disney by 4.2% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,938 shares of the entertainment giant’s stock worth $784,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Trading Up 1.2%

Shares of NYSE DIS opened at $112.01 on Tuesday. The firm’s 50 day moving average price is $114.85 and its 200-day moving average price is $111.19. The Walt Disney Company has a 52-week low of $80.10 and a 52-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 market cap of $201.39 billion, a PE ratio of 17.56, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.