2,985 Shares in The Walt Disney Company $DIS Acquired by LeConte Wealth Management LLC

Key Points

• LeConte Wealth Management LLC acquired 2,985 shares of The Walt Disney Company ($DIS) in Q2, valued at approximately $370,000.
• Institutional investors now own 65.71% of Disney's stock, with significant stake increases from firms like Vanguard and UBS Group.
• Walt Disney reported $1.61 earnings per share for the last quarter, exceeding analyst estimates of $1.45, with a slight revenue increase year-over-year.

LeConte Wealth Management LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,985 shares of the entertainment giant's stock, valued at approximately $370,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the 2nd quarter valued at approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Walt Disney by 9.7% during 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 in the last quarter. Bank of New York Mellon Corp increased its stake in Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after purchasing an additional 717,066 shares in the last quarter. Finally, Amundi increased its stake in 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.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Stephens reaffirmed a "buy" 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $113.49 on Thursday. The company's fifty day moving average price is $117.30 and its 200 day moving average price is $109.27. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market capitalization of $204.05 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

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

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