Financial Harvest LLC Takes $375,000 Position in The Walt Disney Company $DIS

Financial Harvest LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, Holdings Channel reports. The firm acquired 3,023 shares of the entertainment giant’s stock, valued at approximately $375,000.

Several other institutional investors have also recently made changes to their positions in DIS. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the fourth 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 during the period. Two Sigma Investments LP raised its holdings in shares of Walt Disney by 158.5% during the fourth quarter. Two Sigma Investments LP now owns 78,587 shares of the entertainment giant’s stock valued at $8,751,000 after purchasing an additional 48,184 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Walt Disney during the fourth quarter valued at about $6,158,000. Sunbelt Securities Inc. raised its holdings in shares of Walt Disney by 7.2% during the fourth quarter. Sunbelt Securities Inc. now owns 7,398 shares of the entertainment giant’s stock valued at $820,000 after purchasing an additional 500 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.0%

DIS opened at $113.71 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $204.44 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company’s 50-day moving average price is $117.71 and its two-hundred day moving average price is $109.17.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIS. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.