Ashton Thomas Private Wealth LLC Boosts Stock Holdings in The Walt Disney Company $DIS

Key Points

• Ashton Thomas Private Wealth LLC increased its stock position in The Walt Disney Company by 10.5%, acquiring a total of 22,422 shares valued at approximately $2.2 million.
• Multiple hedge funds have also increased their stakes in Walt Disney, with the largest being Nuveen LLC, which acquired a stake valued at around $1.35 billion.
• Analysts have raised their target prices for Disney stock, with Barclays and Evercore ISI setting targets at $140, while the consensus rating remains a Moderate Buy.

Ashton Thomas Private Wealth LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,422 shares of the entertainment giant's stock after purchasing an additional 2,136 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Walt Disney were worth $2,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Clearstead Trust LLC lifted its position in 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 purchasing an additional 99 shares during the last quarter. Hemington Wealth Management lifted its position in 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 purchasing an additional 105 shares during the last quarter. Leigh Baldwin & CO. LLC lifted its position in 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 purchasing an additional 108 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in 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 purchasing an additional 113 shares during the last quarter. Finally, RD Lewis Holdings Inc. lifted its position in Walt Disney by 0.7% during the first quarter. RD Lewis Holdings Inc. now owns 15,899 shares of the entertainment giant's stock valued at $1,470,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Evercore ISI raised their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, September 4th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Trading Down 0.9%

DIS traded down $1.06 on Friday, reaching $116.02. 7,638,964 shares of the company traded hands, compared to its average volume of 5,960,941. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a fifty day simple moving average of $118.34 and a two-hundred day simple moving average of $109.03. The company has a market cap of $208.60 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. 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 data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating 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 company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the business posted $1.39 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.