Westbourne Investments Inc. Invests $521,000 in The Walt Disney Company $DIS

Key Points

• Westbourne Investments Inc. acquired a new position in The Walt Disney Company, purchasing 4,200 shares valued at approximately $521,000.
• Major investors like Vanguard Group Inc. and UBS increased their stakes in Disney, with Vanguard now owning over 155 million shares worth around $15.38 billion.
• Analysts across multiple firms, including Guggenheim and Barclays, have raised their target prices for Disney's stock, with a consensus rating of "Moderate Buy" and an average target price of $131.18.

Westbourne Investments Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,200 shares of the entertainment giant's stock, valued at approximately $521,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Aaron Wealth Advisors LLC raised its stake in Walt Disney by 6.6% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 12,488 shares of the entertainment giant's stock worth $1,549,000 after buying an additional 776 shares during the period. Financiere des Professionnels Fonds d investissement inc. raised its stake in Walt Disney by 40.4% during the 2nd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 94,062 shares of the entertainment giant's stock worth $11,665,000 after buying an additional 27,058 shares during the period. Thrive Wealth Management LLC raised its stake in Walt Disney by 7.4% during the 2nd quarter. Thrive Wealth Management LLC now owns 4,240 shares of the entertainment giant's stock worth $526,000 after buying an additional 292 shares during the period. Post Resch Tallon Group Inc. acquired a new position in Walt Disney during the 2nd quarter worth approximately $216,000. Finally, Balefire LLC acquired a new position in Walt Disney during the 2nd quarter worth approximately $343,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of DIS traded down $1.15 on Friday, reaching $113.71. 23,387,671 shares of the company's stock traded hands, compared to its average volume of 6,289,260. 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 $204.44 billion, a PE ratio of 17.82, a PEG ratio of 1.66 and a beta of 1.55. The stock's 50 day simple moving average is $117.71 and its two-hundred day simple moving average is $109.15. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the company earned $1.39 earnings per share. Walt Disney's revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.