Armstrong Fleming & Moore Inc purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,176 shares of the entertainment giant's stock, valued at approximately $890,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after buying an additional 1,856 shares during the period. Simplicity Wealth LLC boosted its position in shares of Walt Disney by 252.6% in the first quarter. Simplicity Wealth LLC now owns 17,138 shares of the entertainment giant's stock worth $1,691,000 after buying an additional 12,278 shares during the period. Fiduciary Financial Group LLC boosted its holdings in Walt Disney by 45.2% in the first quarter. Fiduciary Financial Group LLC now owns 4,032 shares of the entertainment giant's stock valued at $398,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in Walt Disney by 0.7% during the 1st quarter. Integrated Advisors Network LLC now owns 21,228 shares of the entertainment giant's stock worth $2,095,000 after buying an additional 139 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DIS has been the topic of a number of research reports. Evercore ISI increased their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $131.18.
View Our Latest Stock Report on Walt Disney
Walt Disney Trading Down 0.6%
Shares of DIS opened at $111.83 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $201.06 billion, a P/E ratio of 17.53, a PEG ratio of 1.48 and a beta of 1.54. The firm has a fifty day simple moving average of $115.67 and a two-hundred day simple moving average of $110.22. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly 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. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney Company Profile
(
Free Report)
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.
See Also
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.
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
