Leo Wealth LLC Invests $248,000 in The Walt Disney Company $DIS

Leo Wealth LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,004 shares of the entertainment giant’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter valued at about $26,000. Kessler Investment Group LLC lifted its holdings in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. RMG Wealth Management LLC bought a new position in Walt Disney during the 2nd quarter valued at about $49,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 135 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 1.6%

Shares of NYSE:DIS opened at $109.17 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a 50 day moving average of $115.36 and a 200-day moving average of $110.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Walt Disney’s revenue was up 2.1% on a year-over-year basis. On average, sell-side 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 subject of several analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. 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 note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Barclays 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 note on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

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.