Asio Capital LLC Buys 2,327 Shares of The Walt Disney Company $DIS

Key Points

• Asio Capital LLC increased its stake in The Walt Disney Company by 11.0% by acquiring an additional 2,327 shares, bringing its total holdings to 23,446 shares valued at approximately $2.9 million.
• Walt Disney reported $1.61 earnings per share for its last quarter, surpassing analysts' expectations, with revenues of $23.65 billion, slightly below consensus estimates.
• Research analysts have issued varying price targets for Disney, with an average target of $131.18 and a current consensus rating of "Moderate Buy."

Asio Capital LLC lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,446 shares of the entertainment giant's stock after buying an additional 2,327 shares during the period. Asio Capital LLC's holdings in Walt Disney were worth $2,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. J. Safra Sarasin Holding AG lifted its holdings 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 worth $21,983,000 after acquiring an additional 16,781 shares during the period. Planning Directions Inc. acquired a new position in Walt Disney in the first quarter worth about $326,000. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the second quarter worth about $4,220,599,000. Wedge Capital Management L L P NC boosted its holdings in Walt Disney by 8,744.0% during the second 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 purchasing an additional 316,707 shares in the last quarter. Finally, WoodTrust Financial Corp grew its stake in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $114.78 on Tuesday. The company has a market cap of $206.37 billion, a PE ratio of 17.99, a PEG ratio of 1.64 and a beta of 1.55. 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 Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company's 50-day moving average is $116.83 and its two-hundred day moving average is $109.72.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on DIS shares. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of 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 raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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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