Schmidt P J Investment Management Inc. grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,666 shares of the entertainment giant’s stock after purchasing an additional 4,606 shares during the quarter. Walt Disney makes up about 1.8% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 17th biggest position. Schmidt P J Investment Management Inc.’s holdings in Walt Disney were worth $5,984,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC purchased a new position in shares of Walt Disney in the first quarter worth approximately $29,000. Carolina Wealth Advisors LLC lifted its stake in Walt Disney by 53.3% in the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. Sofos Investments Inc. raised its holdings in shares of Walt Disney by 238.5% during the 1st quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 916 shares in the last quarter. Marquette Asset Management LLC raised its holdings in Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after buying an additional 350 shares in the last quarter. Finally, Horan Securities Inc. acquired a new stake in Walt Disney in the 1st quarter worth approximately $36,000. 62.66% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on DIS. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, May 6th. Citigroup cut their price target on Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Cowen lowered shares of Walt Disney from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $101.00 to $97.00 in a research report on Thursday, July 16th. Credit Suisse Group cut shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 target price for the company. in a research note on Monday, April 20th. Finally, Goldman Sachs Group began coverage on Walt Disney in a report on Monday, July 13th. They issued a “buy” rating and a $137.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.35.
DIS stock opened at $116.94 on Friday. The company has a 50 day moving average price of $115.68 and a 200 day moving average price of $117.27. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The stock has a market capitalization of $208.91 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 13.36 and a beta of 1.10.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same period last year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, equities analysts expect that Walt Disney Co will post 1.38 earnings per share for the current fiscal year.
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.
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