Belpointe Asset Management LLC Has $2.95 Million Stake in The Walt Disney Company $DIS

Key Points

• Belpointe Asset Management LLC increased its stake in The Walt Disney Company by 12.3%, holding a total of 23,756 shares valued at approximately $2.95 million as of the latest filing.
• Institutional investors collectively own 65.71% of Disney's stock, with notable increases in holdings from firms like Vanguard Group and UBS, highlighting growing confidence among investors.
• Analyst ratings for Disney are predominantly positive, with 19 analysts

Belpointe Asset Management LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,756 shares of the entertainment giant's stock after purchasing an additional 2,593 shares during the period. Belpointe Asset Management LLC's holdings in Walt Disney were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the 2nd quarter valued at about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after purchasing an additional 717,066 shares during the period. Finally, Amundi increased its holdings in shares of Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Up 0.3%

Shares of NYSE DIS opened at $112.83 on Tuesday. The company has a market cap of $202.86 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.48 and a beta of 1.54. 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 12 month low of $80.10 and a 12 month high of $124.69. The stock has a 50-day moving average price of $115.97 and a two-hundred day moving average price of $110.19.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for 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 firm's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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