Sharp Financial Services LLC Buys New Position in The Walt Disney Company $DIS

Sharp Financial Services LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,630 shares of the entertainment giant’s stock, valued at approximately $202,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the 1st quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. raised its holdings in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Kessler Investment Group LLC raised its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. First PREMIER Bank raised its holdings in Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new position in Walt Disney in the 2nd quarter valued at approximately $49,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.6%

DIS stock opened at $109.17 on Monday. The business has a fifty day moving average price of $115.36 and a 200 day moving average price of $110.48. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.43 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on DIS shares. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Barclays increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Evercore ISI increased their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Walt Disney 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.