Ancora Advisors LLC Increases Holdings in The Walt Disney Company $DIS

Key Points

• Ancora Advisors LLC increased its holdings in The Walt Disney Company by 180.6% in the first quarter, acquiring an additional 96,254 shares, bringing its total to 149,563 shares valued at approximately $14.76 million.
• Several analysts raised their price targets for Disney, with Guggenheim and Evercore ISI setting new targets of $140.00, while the company's stock currently has a consensus rating of "Moderate Buy" and a target price of $131.18.
• Walt Disney reported earnings of $1.61 per share for the quarter ended August 6th, exceeding expectations, despite a slight year-over-year revenue increase of 2.1% to $23.65 billion.

Ancora Advisors LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 180.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,563 shares of the entertainment giant's stock after purchasing an additional 96,254 shares during the period. Ancora Advisors LLC's holdings in Walt Disney were worth $14,762,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC grew its stake in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the period. Hemington Wealth Management grew its stake in Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after acquiring an additional 105 shares during the period. Leigh Baldwin & CO. LLC grew its stake in Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after acquiring an additional 108 shares during the period. Resonant Capital Advisors LLC grew its stake in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after acquiring an additional 113 shares during the period. Finally, RD Lewis Holdings Inc. grew its stake in Walt Disney by 0.7% in the first quarter. RD Lewis Holdings Inc. now owns 15,899 shares of the entertainment giant's stock valued at $1,470,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. 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. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Performance

Walt Disney stock traded down $0.88 during mid-day trading on Friday, reaching $117.93. 6,668,217 shares of the company's stock were exchanged, compared to its average volume of 6,294,819. The firm has a market capitalization of $212.03 billion, a PE ratio of 18.48, a P/E/G ratio of 1.72 and a beta of 1.55. The business's fifty day simple moving average is $119.01 and its 200 day simple moving average is $108.80. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. On average, sell-side analysts expect 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.