Arista Wealth Management LLC Makes New Investment in The Walt Disney Company $DIS

Key Points

• Arista Wealth Management LLC invested approximately $613,000 in The Walt Disney Company by acquiring 4,946 shares during the second quarter.
• The Walt Disney Company reported an earnings-per-share (EPS) of $1.61 for the last quarter, surpassing estimates by $0.16, while revenue was slightly below expectations at $23.65 billion.
• Analysts have a consensus rating of "Moderate Buy" for Disney with an average price target of $132.90, reflecting a range of ratings from multiple firms.

Arista Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,946 shares of the entertainment giant's stock, valued at approximately $613,000.

Several other institutional investors also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC increased 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 valued at $27,000 after purchasing an additional 200 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney during the second quarter valued at approximately $37,000. Finally, First PREMIER Bank increased its position in shares of Walt Disney by 72.2% during 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 during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of DIS stock opened at $109.82 on Friday. The stock's fifty day moving average is $114.89 and its 200-day moving average is $110.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $197.45 billion, a PE ratio of 17.21, a PEG ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DIS. Wall Street Zen cut Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. upped their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. UBS Group upped their price target on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.90.

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.

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.