Accredited Investors Inc. Acquires 176 Shares of Walt Disney Co (NYSE:DIS)

Accredited Investors Inc. boosted its stake in Walt Disney Co (NYSE:DIS) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,779 shares of the entertainment giant’s stock after buying an additional 176 shares during the quarter. Accredited Investors Inc.’s holdings in Walt Disney were worth $867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in Walt Disney in the 1st quarter valued at $507,000. Foundations Investment Advisors LLC lifted its holdings in shares of Walt Disney by 13.8% during the 1st quarter. Foundations Investment Advisors LLC now owns 2,126 shares of the entertainment giant’s stock worth $202,000 after acquiring an additional 257 shares during the last quarter. OLD Dominion Capital Management Inc. increased its stake in Walt Disney by 44.0% in the first quarter. OLD Dominion Capital Management Inc. now owns 41,130 shares of the entertainment giant’s stock valued at $3,973,000 after acquiring an additional 12,577 shares during the last quarter. Chemung Canal Trust Co. increased its stake in Walt Disney by 1.9% in the first quarter. Chemung Canal Trust Co. now owns 67,214 shares of the entertainment giant’s stock valued at $6,493,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its position in Walt Disney by 3.5% during the first quarter. Jacobi Capital Management LLC now owns 22,915 shares of the entertainment giant’s stock valued at $2,214,000 after purchasing an additional 765 shares in the last quarter. 62.66% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney stock opened at $116.94 on Friday. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The stock has a fifty day simple moving average of $115.68 and a two-hundred day simple moving average of $117.27. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The firm has a market cap of $208.91 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 13.36 and a beta of 1.10.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same period last year, the business earned $1.61 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities research analysts forecast that Walt Disney Co will post 1.38 EPS for the current fiscal year.

Several equities analysts have recently commented on the company. Cowen lowered Walt Disney from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $101.00 to $97.00 in a research report on Thursday, July 16th. Citigroup reduced their price target on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Consumer Edge lowered shares of Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 price objective for the company. in a report on Tuesday, June 9th. Goldman Sachs Group began coverage on shares of Walt Disney in a report on Monday, July 13th. They set a “buy” rating and a $137.00 target price on the stock. Finally, Morgan Stanley boosted their price target on shares of Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and a consensus target price of $125.35.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Cost of Equity For A Business, Investors

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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