Calton & Associates Inc. Buys 3,023 Shares of The Walt Disney Company $DIS

Key Points

• Calton & Associates Inc. raised its stake in The Walt Disney Company by 142.7% during the first quarter, bringing their total holdings to 5,141 shares valued at approximately $507,000.
• Analysts remain positive on Disney stock, with multiple brokerages increasing their price targets recently, with Citigroup raising it to $140.00 and JPMorgan Chase to $138.00, both recommending a buy rating.
• Walt Disney reported a quarterly earnings per share of $1.61, exceeding expectations, and noted revenue of $23.65 billion, reflecting a 2.1% increase compared to the previous year.

Calton & Associates Inc. boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 142.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,141 shares of the entertainment giant's stock after buying an additional 3,023 shares during the period. Calton & Associates Inc.'s holdings in Walt Disney were worth $507,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DIS. Brighton Jones LLC increased its position in shares of 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 acquiring an additional 1,904 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of Walt Disney by 137.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 48,385 shares of the entertainment giant's stock worth $5,405,000 after acquiring an additional 28,001 shares in the last quarter. BNP Paribas increased its position in shares of Walt Disney by 4.6% during the fourth quarter. BNP Paribas now owns 331,922 shares of the entertainment giant's stock worth $36,965,000 after acquiring an additional 14,603 shares in the last quarter. BIP Wealth LLC increased its position in shares of Walt Disney by 4.1% during the fourth quarter. BIP Wealth LLC now owns 3,408 shares of the entertainment giant's stock worth $379,000 after acquiring an additional 133 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Walt Disney by 2.5% during the fourth quarter. Benjamin Edwards Inc. now owns 29,958 shares of the entertainment giant's stock worth $3,336,000 after acquiring an additional 736 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock traded down $1.01 during mid-day trading on Wednesday, hitting $117.26. The stock had a trading volume of 6,211,646 shares, compared to its average volume of 9,538,646. 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 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market capitalization of $210.83 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.71 and a beta of 1.55. The firm has a fifty day simple moving average of $119.20 and a 200 day simple moving average of $108.62.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research reports. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Morgan Stanley increased 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. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, August 7th. Citigroup increased 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.