Brookstone Capital Management Grows Stock Holdings in The Walt Disney Company $DIS

Key Points

• Brookstone Capital Management increased its stake in The Walt Disney Company by 4.5% during the second quarter, owning a total of 114,563 shares valued at approximately $14.2 million.
• Walt Disney's recent quarterly earnings beat analysts' expectations, with earnings per share of $1.61 compared to a consensus of $1.45, although its revenue fell slightly short of forecasts.
• The company has a market capitalization of $205.54 billion and its stock currently has a Moderate Buy rating from analysts, with an average price target of $132.90.

Brookstone Capital Management boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 114,563 shares of the entertainment giant's stock after purchasing an additional 4,913 shares during the quarter. Brookstone Capital Management's holdings in Walt Disney were worth $14,207,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Citizens & Northern Corp lifted its stake in shares of Walt Disney by 1.2% in the second quarter. Citizens & Northern Corp now owns 13,032 shares of the entertainment giant's stock worth $1,616,000 after buying an additional 156 shares in the last quarter. Jacobsen Capital Management increased its position in shares of Walt Disney by 13.4% during the second quarter. Jacobsen Capital Management now owns 2,383 shares of the entertainment giant's stock valued at $296,000 after acquiring an additional 282 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Walt Disney by 33.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 10,541 shares of the entertainment giant's stock worth $1,307,000 after acquiring an additional 2,668 shares during the last quarter. D.A. Davidson & CO. lifted its position in Walt Disney by 5.8% in the 2nd quarter. D.A. Davidson & CO. now owns 306,439 shares of the entertainment giant's stock valued at $38,002,000 after acquiring an additional 16,737 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in Walt Disney by 0.6% during the 2nd quarter. Blume Capital Management Inc. now owns 89,874 shares of the entertainment giant's stock valued at $11,145,000 after purchasing an additional 568 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $114.32 on Wednesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $205.54 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.47 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 firm has a 50 day moving average of $114.86 and a 200 day moving average of $111.21.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter last year, the company posted $1.39 EPS. The company's revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on DIS shares. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research note on Wednesday, October 8th. Rosenblatt Securities restated a "buy" rating and set a $141.00 price objective on shares of Walt Disney in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $132.90.

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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