McElhenny Sheffield Capital Management LLC Buys New Stake in The Walt Disney Company $DIS

McElhenny Sheffield Capital Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,655 shares of the entertainment giant’s stock, valued at approximately $205,000.

Several other hedge funds also recently made changes to their positions in the company. Copperwynd Financial LLC lifted its stake in shares of Walt Disney by 4.4% in the 2nd quarter. Copperwynd Financial LLC now owns 7,911 shares of the entertainment giant’s stock worth $981,000 after acquiring an additional 333 shares during the period. Armstrong Fleming & Moore Inc acquired a new stake in shares of Walt Disney in the 2nd quarter worth $890,000. Tectonic Advisors LLC lifted its stake in shares of Walt Disney by 6.3% in the 2nd quarter. Tectonic Advisors LLC now owns 15,686 shares of the entertainment giant’s stock worth $1,945,000 after acquiring an additional 923 shares during the period. Hager Investment Management Services LLC lifted its stake in shares of Walt Disney by 82.5% in the second quarter. Hager Investment Management Services LLC now owns 697 shares of the entertainment giant’s stock valued at $86,000 after purchasing an additional 315 shares during the period. Finally, Cohen Investment Advisors LLC lifted its stake in shares of Walt Disney by 7.0% in the second quarter. Cohen Investment Advisors LLC now owns 25,122 shares of the entertainment giant’s stock valued at $3,115,000 after purchasing an additional 1,649 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. raised their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

Shares of DIS opened at $110.91 on Friday. 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 stock has a market cap of $199.41 billion, a P/E ratio of 17.38, a PEG ratio of 1.47 and a beta of 1.54. The company has a 50-day moving average of $115.51 and a two-hundred day moving average of $110.29. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The business 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%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.