Simon Quick Advisors LLC Increases Stake in The Walt Disney Company $DIS

Simon Quick Advisors LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,272 shares of the entertainment giant’s stock after acquiring an additional 2,720 shares during the quarter. Simon Quick Advisors LLC’s holdings in Walt Disney were worth $2,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG grew its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $326,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC lifted its position in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $24,373,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 1.4%

Shares of DIS stock opened at $111.78 on Friday. The stock’s fifty day moving average is $114.24 and its two-hundred day moving average is $112.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $200.97 billion, a P/E ratio of 17.52, a PEG ratio of 1.45 and a beta of 1.54. 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 announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Barclays lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Company 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.