Seamount Financial Group Inc. Buys 945 Shares of The Walt Disney Company $DIS

Seamount Financial Group Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 39.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,325 shares of the entertainment giant’s stock after acquiring an additional 945 shares during the period. Seamount Financial Group Inc.’s holdings in Walt Disney were worth $412,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Drake & Associates LLC bought a new stake in Walt Disney during the 2nd quarter worth $224,000. KPP Advisory Services LLC boosted its stake in shares of Walt Disney by 7.5% during the second quarter. KPP Advisory Services LLC now owns 15,730 shares of the entertainment giant’s stock valued at $1,951,000 after purchasing an additional 1,095 shares in the last quarter. Iowa State Bank grew its holdings in shares of Walt Disney by 1.0% during the second quarter. Iowa State Bank now owns 26,491 shares of the entertainment giant’s stock worth $3,285,000 after purchasing an additional 266 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Walt Disney by 12.3% during the second quarter. Belpointe Asset Management LLC now owns 23,756 shares of the entertainment giant’s stock worth $2,946,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Valley National Advisers Inc. increased its stake in shares of Walt Disney by 10.2% in the second quarter. Valley National Advisers Inc. now owns 5,593 shares of the entertainment giant’s stock valued at $693,000 after buying an additional 519 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DIS shares. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Saturday, September 27th. Finally, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS opened at $112.83 on Tuesday. The company has a market capitalization of $202.86 billion, a PE ratio of 17.68, a P/E/G ratio of 1.48 and a beta of 1.54. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a fifty day simple moving average of $115.97 and a 200 day simple moving average of $110.19.

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

Walt Disney 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.