Apella Capital LLC Acquires 10,395 Shares of The Walt Disney Company $DIS

Key Points

• Apella Capital LLC has significantly increased its stake in The Walt Disney Company, growing its holdings by 109.3% to a total of 19,904 shares, valued at approximately $2.45 million.
• The recent earnings report showed that Walt Disney surpassed analysts' expectations with a reported EPS of $1.61, while revenue rose by 2.1% compared to the same quarter last year.
• Brokerage firms have increased their price targets for Disney, with Barclays and Morgan Stanley both raising their targets to $140.00 and maintaining an "overweight" rating on the stock.

Apella Capital LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 109.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,904 shares of the entertainment giant's stock after purchasing an additional 10,395 shares during the quarter. Apella Capital LLC's holdings in Walt Disney were worth $2,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Clearstead Trust LLC increased its stake in shares of Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after buying an additional 99 shares during the period. Aspen Investment Management Inc increased its stake in shares of Walt Disney by 3.5% during the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock valued at $290,000 after buying an additional 100 shares during the period. Hemington Wealth Management increased its stake in shares of Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after buying an additional 105 shares during the period. Leigh Baldwin & CO. LLC increased its stake in shares of Walt Disney by 2.2% during the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after buying an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in shares of Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the period. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 0.3%

Walt Disney stock opened at $115.66 on Tuesday. 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 52 week low of $80.10 and a 52 week high of $124.69. The company has a market capitalization of $207.95 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. The stock has a 50-day moving average price of $118.19 and a 200 day moving average price of $109.01.

Walt Disney (NYSE:DIS - Get Free Report) last released its 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 return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DIS. Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.

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.