Check Capital Management Inc. CA Has $53.75 Million Position in The Walt Disney Company $DIS

Key Points

• Check Capital Management Inc. trimmed its holdings in The Walt Disney Company by 1.2% in Q2, owning 433,462 shares valued at $53.75 million as of its latest SEC filing.
• Walt Disney reported $1.61 EPS, exceeding analysts' estimates of $1.45, with a revenue of $23.65 billion in the last quarter.
• Analysts maintain a strong outlook for Disney, with nineteen rating the stock as a buy and a consensus target price set at $131.18.

Check Capital Management Inc. CA trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 433,462 shares of the entertainment giant's stock after selling 5,106 shares during the quarter. Walt Disney comprises 1.8% of Check Capital Management Inc. CA's portfolio, making the stock its 8th biggest holding. Check Capital Management Inc. CA's holdings in Walt Disney were worth $53,754,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in Walt Disney by 3.7% during the 2nd quarter. CWM LLC now owns 170,690 shares of the entertainment giant's stock worth $21,167,000 after purchasing an additional 6,051 shares during the last quarter. OFI Invest Asset Management raised its holdings in Walt Disney by 96.8% during the 2nd quarter. OFI Invest Asset Management now owns 16,758 shares of the entertainment giant's stock worth $2,078,000 after purchasing an additional 8,242 shares during the last quarter. Lodestar Private Asset Management LLC raised its holdings in Walt Disney by 14.0% during the 2nd quarter. Lodestar Private Asset Management LLC now owns 3,632 shares of the entertainment giant's stock worth $450,000 after purchasing an additional 446 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Walt Disney by 8.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 179,348 shares of the entertainment giant's stock worth $22,266,000 after purchasing an additional 14,127 shares during the last quarter. Finally, Sather Financial Group Inc bought a new stake in Walt Disney during the 2nd quarter worth about $215,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $109.17 on Friday. The business has a 50 day simple moving average of $115.36 and a 200 day simple moving average of $110.41. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.43 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the prior year, the business earned $1.39 EPS. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. upped their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Citigroup upped their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price 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.

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