Petredis Investment Advisors LLC Acquires 163 Shares of The Walt Disney Company $DIS

Petredis Investment Advisors LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,348 shares of the entertainment giant’s stock after acquiring an additional 163 shares during the period. Petredis Investment Advisors LLC’s holdings in Walt Disney were worth $3,019,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the second quarter valued at $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Walt Disney by 9.7% during the first 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. Bank of New York Mellon Corp grew its holdings in Walt Disney by 4.2% during the first 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. Finally, Amundi grew its holdings in Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after purchasing an additional 1,520,513 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 1.0%

Shares of NYSE:DIS opened at $113.71 on Friday. The stock’s 50-day moving average price is $117.71 and its 200-day moving average price is $109.15. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market capitalization of $204.44 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DIS shares. Rosenblatt Securities increased their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, September 4th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.18.

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.