The Walt Disney Company $DIS Shares Purchased by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,845 shares of the entertainment giant’s stock after acquiring an additional 6,970 shares during the quarter. Walt Disney comprises approximately 2.3% of Lorne Steinberg Wealth Management Inc.’s portfolio, making the stock its 16th largest holding. Lorne Steinberg Wealth Management Inc.’s holdings in Walt Disney were worth $8,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney during the 2nd quarter worth $4,220,599,000. Nuveen LLC purchased a new position in Walt Disney during the 1st quarter worth $1,353,607,000. Diamond Hill Capital Management Inc. grew its position in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. grew its position in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Morgan Stanley raised their price objective 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. Guggenheim raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Evercore ISI raised their price objective 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. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Barclays raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Up 0.7%

Shares of NYSE:DIS opened at $110.69 on Monday. The company has a market cap of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The firm’s 50-day simple moving average is $114.86 and its 200-day simple moving average is $110.99. 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 fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.