Roffman Miller Associates Inc. PA Has $29.14 Million Stock Position in The Walt Disney Company $DIS

Roffman Miller Associates Inc. PA lifted its holdings in The Walt Disney Company (NYSE:DIS) by 1.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 234,990 shares of the entertainment giant’s stock after acquiring an additional 2,333 shares during the quarter. Walt Disney accounts for approximately 1.7% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 21st largest position. Roffman Miller Associates Inc. PA’s holdings in Walt Disney were worth $29,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DIS. DiNuzzo Private Wealth Inc. increased its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney in the first quarter valued at approximately $26,000. Harbor Asset Planning Inc. acquired a new stake in Walt Disney during the second quarter worth approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney during the 2nd quarter worth $49,000. Finally, Wolff Wiese Magana LLC raised its holdings in Walt Disney by 41.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after acquiring an additional 135 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Down 0.4%

Shares of NYSE DIS opened at $112.14 on Tuesday. The company has a market cap of $201.62 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.45 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a 50-day moving average price of $114.01 and a two-hundred day moving average price of $113.28.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.