Foster Group Inc. Raises Holdings in The Walt Disney Company $DIS

Foster Group Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,243 shares of the entertainment giant’s stock after purchasing an additional 1,373 shares during the quarter. Foster Group Inc.’s holdings in Walt Disney were worth $1,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J. Safra Sarasin Holding AG raised its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. bought a new stake in shares of Walt Disney during the 1st quarter valued at $326,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at $4,220,599,000. WoodTrust Financial Corp raised its stake in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after purchasing an additional 6,047 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after purchasing an additional 316,707 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 1.0%

NYSE DIS opened at $113.71 on Monday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a 50 day simple moving average of $117.71 and a two-hundred day simple moving average of $109.17. The stock has a market cap 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.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the business posted $1.39 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of analyst reports. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, September 4th. UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus 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.