Applied Finance Capital Management LLC Increases Stake in The Walt Disney Company $DIS

Key Points

• Applied Finance Capital Management LLC increased its stake in The Walt Disney Company by 6.6%, owning approximately 243,268 shares valued at $30.17 million, making it the firm's 12th largest holding.
• The Walt Disney Company reported earnings of $1.61 per share for its most recent quarter, exceeding analysts' expectations and generating a revenue of $23.65 billion.
• Institutional investors now hold approximately 65.71% of Walt Disney's stock, reflecting a trend of increasing investment interest in the company from various hedge funds.

Applied Finance Capital Management LLC boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 243,268 shares of the entertainment giant's stock after acquiring an additional 14,957 shares during the period. Walt Disney accounts for approximately 2.1% of Applied Finance Capital Management LLC's portfolio, making the stock its 12th largest holding. Applied Finance Capital Management LLC's holdings in Walt Disney were worth $30,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. raised its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after acquiring an additional 94 shares during the period. Kessler Investment Group LLC lifted its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney in the second quarter worth $37,000. Finally, First PREMIER Bank grew its position in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS opened at $109.82 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 company has a market cap of $197.45 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The stock has a 50-day moving average price of $114.89 and a 200-day moving average price of $110.66.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the prior year, the business 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, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $132.90.

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.

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