IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 4,600 Shares of The Walt Disney Company $DIS

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in The Walt Disney Company (NYSE:DIS) by 7.1% during the second quarter, HoldingsChannel.com reports. The firm owned 69,750 shares of the entertainment giant’s stock after buying an additional 4,600 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Walt Disney were worth $8,650,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kondo Wealth Advisors Inc. increased its stake in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after buying an additional 84 shares during the last quarter. Cornerstone Advisory LLC increased its position in Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after buying an additional 86 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after buying an additional 87 shares in the last quarter. Childress Capital Advisors LLC grew its stake in shares of Walt Disney by 3.3% in the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after acquiring an additional 87 shares in the last quarter. Finally, Apollon Financial LLC increased its position in Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 87 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Up 0.5%

Shares of NYSE:DIS opened at $112.28 on Tuesday. The firm has a market cap of $201.87 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a fifty day simple moving average of $114.56 and a 200 day simple moving average of $112.13. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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, topping analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. 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.