Agate Pass Investment Management LLC Has $1.98 Million Position in The Walt Disney Company $DIS

Key Points

• Agate Pass Investment Management LLC increased its position in The Walt Disney Company by 18.4% during the second quarter, holding shares valued at $1.98 million at the end of the reporting period.
• Walt Disney reported an earnings per share (EPS) of $1.61 for the latest quarter, surpassing analysts' expectations of $1.45, alongside a revenue of $23.65 billion.
• Recent analyst ratings show a consensus target price of $131.18 for Disney, with 19 analysts rating the stock as a Buy and 9 as a Hold.

Agate Pass Investment Management LLC raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 18.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,993 shares of the entertainment giant's stock after acquiring an additional 2,486 shares during the quarter. Agate Pass Investment Management LLC's holdings in Walt Disney were worth $1,983,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Davis Rea LTD. lifted its stake in Walt Disney by 3.4% in the second quarter. Davis Rea LTD. now owns 31,863 shares of the entertainment giant's stock valued at $3,967,000 after acquiring an additional 1,051 shares during the last quarter. First Fiduciary Investment Counsel Inc. lifted its stake in shares of Walt Disney by 39.6% during the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 127,112 shares of the entertainment giant's stock worth $15,763,000 after buying an additional 36,087 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in shares of Walt Disney by 1.6% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 45,872 shares of the entertainment giant's stock worth $5,689,000 after buying an additional 702 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Walt Disney by 9.4% during the 2nd quarter. PDS Planning Inc now owns 9,445 shares of the entertainment giant's stock worth $1,171,000 after buying an additional 810 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Walt Disney by 21.5% during the 2nd quarter. Blue Trust Inc. now owns 13,348 shares of the entertainment giant's stock worth $1,655,000 after buying an additional 2,364 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS opened at $109.17 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54. The firm's 50-day simple moving average is $115.36 and its 200 day simple moving average is $110.34. 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 released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 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 business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the firm earned $1.39 earnings per share. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DIS shares. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group raised their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Guggenheim raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.