Apexium Financial LP Grows Stock Position in The Walt Disney Company $DIS

Key Points

• Apexium Financial LP increased its stake in The Walt Disney Company by 12.5% in Q2, acquiring an additional 15,839 shares and now holding a total of 142,979 shares.
• Walt Disney reported earnings of $1.61 per share, surpassing analysts' expectations of $1.45, while its revenue reached $23.65 billion for the quarter.
• Currently, 65.71% of Walt Disney's stock is owned by institutional investors and hedge funds, indicating substantial institutional interest in the company.

Apexium Financial LP raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 142,979 shares of the entertainment giant's stock after buying an additional 15,839 shares during the period. Walt Disney comprises about 0.9% of Apexium Financial LP's portfolio, making the stock its 16th largest holding. Apexium Financial LP's holdings in Walt Disney were worth $17,731,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. J. Safra Sarasin Holding AG grew its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after acquiring an additional 16,781 shares during the period. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC grew its position in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant's stock valued at $39,724,000 after acquiring an additional 316,707 shares during the period. Finally, WoodTrust Financial Corp grew its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.3%

DIS stock opened at $112.49 on Friday. 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 business's 50-day moving average is $116.12 and its 200 day moving average is $109.95. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.47 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 company posted $1.39 EPS. The business's revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney 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.

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