1,632 Shares in The Walt Disney Company $DIS Acquired by Keystone Financial Services

Keystone Financial Services bought a new stake in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, Holdings Channel.com reports. The fund bought 1,632 shares of the entertainment giant’s stock, valued at approximately $202,000.

Several other hedge funds have also recently added to or reduced their stakes in DIS. Vanguard Group Inc. raised its stake in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the 2nd quarter worth about $4,220,599,000. Jennison Associates LLC lifted its stake in shares of Walt Disney by 9.4% in the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after purchasing an additional 1,774,772 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Walt Disney by 9.7% in 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 valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. Finally, Amundi boosted its position in shares of Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $110.80 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market capitalization of $199.21 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The firm has a fifty day simple moving average of $113.45 and a two-hundred day simple moving average of $113.62. The company has a current ratio of 0.72, a quick ratio of 0.66 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, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on DIS shares. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from 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.