Chapin Davis Inc. Purchases 2,828 Shares of The Walt Disney Company $DIS

Key Points

• Chapin Davis Inc. increased its stake in The Walt Disney Company by 10.4%, acquiring an additional 2,828 shares in the second quarter, bringing its total ownership to 30,117 shares.
• Research firms have mixed ratings on Disney's stock, with Needham & Company maintaining a "buy" rating and setting a price target of $125.00, while JPMorgan raised its target to $138.00.
• Walt Disney reported $1.61 earnings per share for the last quarter, slightly beating analyst estimates, with revenue of $23.65 billion, but a drop of 1.0% in stock price noted recently.

Chapin Davis Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,117 shares of the entertainment giant's stock after acquiring an additional 2,828 shares during the period. Walt Disney accounts for about 1.0% of Chapin Davis Inc.'s investment portfolio, making the stock its 28th largest position. Chapin Davis Inc.'s holdings in Walt Disney were worth $3,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. J. Safra Sarasin Holding AG raised its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new stake in shares of Walt Disney during the first quarter valued at approximately $326,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $4,220,599,000. WoodTrust Financial Corp raised its position in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of 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 buying an additional 316,707 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price target 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. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Down 1.0%

Shares of DIS opened at $113.71 on Monday. The firm has a market capitalization of $204.44 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 fifty day moving average price of $117.71 and a 200-day moving average price of $109.17.

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

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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