Access Investment Management LLC Invests $809,000 in The Walt Disney Company $DIS

Access Investment Management LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,527 shares of the entertainment giant’s stock, valued at approximately $809,000.

A number of other institutional investors have also recently bought and sold shares of DIS. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% in 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. bought a new stake in Walt Disney during the 1st quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC lifted its position in Walt Disney by 8,744.0% during the second 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 purchasing an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $24,373,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $112.70 on Monday. The firm has a market cap of $202.63 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The business has a fifty day moving average of $114.12 and a 200-day moving average of $113.09.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating 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 posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIS. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.