Legacy Advisory Services LLC Makes New $415,000 Investment in The Walt Disney Company $DIS

Key Points

• Legacy Advisory Services LLC acquired a new stake in The Walt Disney Company by purchasing 4,206 shares valued at approximately $415,000 in the first quarter.
• Multiple large investors, including J. Safra Sarasin Holding AG and Lodge Hill Capital LLC, have also increased their stakes in Walt Disney during the same period, illustrating a growing institutional interest.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $23.65 billion, representing a 2.1% increase year-over-year.

Legacy Advisory Services LLC acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,206 shares of the entertainment giant's stock, valued at approximately $415,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DIS. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Price Performance

Shares of DIS stock traded down $1.06 on Friday, reaching $116.02. The company's stock had a trading volume of 7,636,152 shares, compared to its average volume of 9,426,548. The company has a market capitalization of $208.60 billion, a P/E ratio of 18.18, a PEG ratio of 1.67 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock's 50 day simple moving average is $118.50 and its 200-day simple moving average is $108.99. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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, 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 firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The company's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.