Tradition Wealth Management LLC Invests $251,000 in The Walt Disney Company $DIS

Key Points

• Tradition Wealth Management LLC purchased 2,546 shares of The Walt Disney Company stock, valued at approximately $251,000, during the 1st quarter of the year.
• Walt Disney reported $1.61 earnings per share (EPS) for the latest quarter, exceeding expectations of $1.45, with revenue of $23.65 billion, slightly below analyst predictions.
• Research analysts maintain a consensus rating of "Moderate Buy" for Disney, with a price target averaging $131.18, following various upgrades and downgrades from different firms.

Tradition Wealth Management LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,546 shares of the entertainment giant's stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the period. Copia Wealth Management purchased a new stake in shares of Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the 4th quarter worth $39,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 2.1%

Shares of DIS stock traded up $2.4540 during trading hours on Friday, reaching $118.6640. 7,157,159 shares of the company's stock were exchanged, compared to its average volume of 8,698,793. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. 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 stock has a market cap of $213.35 billion, a PE ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.56. The stock's fifty day moving average price is $119.22 and its two-hundred day moving average price is $108.23.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DIS. Morgan Stanley upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. upped their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.