2,924 Shares in The Walt Disney Company $DIS Purchased by QTR Family Wealth LLC

Key Points

• QTR Family Wealth LLC purchased 2,924 shares of The Walt Disney Company, valued at approximately $363,000, marking a new position in the stock.
• Walt Disney reported $1.61 earnings per share for its recent quarter, exceeding analysts' expectations of $1.45, with a revenue of $23.65 billion.
• Brokerages have recently raised their price targets for Walt Disney, with JPMorgan Chase increasing its target from $130 to $138 and maintaining an "overweight" rating.

QTR Family Wealth LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,924 shares of the entertainment giant's stock, valued at approximately $363,000.

Other hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. grew 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 buying an additional 94 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares in the last quarter. First PREMIER Bank grew its holdings in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after buying an additional 205 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new position in shares of Walt Disney during the first quarter worth about $52,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Evercore ISI increased their price target on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $114.47 on Wednesday. The stock has a market cap of $205.81 billion, a P/E ratio of 17.94, a PEG ratio of 1.66 and a beta of 1.55. The stock has a 50 day simple moving average of $116.70 and a 200 day simple moving average of $109.75. 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 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.

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