D.A. Davidson & CO. Acquires 16,737 Shares of The Walt Disney Company $DIS

Key Points

• D.A. Davidson & CO. increased its holdings in The Walt Disney Company by 5.8%, acquiring an additional 16,737 shares to reach a total of 306,439 shares valued at approximately $38 million.
• The Walt Disney Company's stock opened at $114.32, with a market capitalization of $205.54 billion, as well as a PE ratio of 17.92.
• Recent analyst reports led to multiple upgrades of Disney's price target to $140, with an overall average rating categorized as a "Moderate Buy" from investment analysts.

D.A. Davidson & CO. grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,439 shares of the entertainment giant's stock after purchasing an additional 16,737 shares during the period. D.A. Davidson & CO.'s holdings in Walt Disney were worth $38,002,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. J. Safra Sarasin Holding AG grew its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new position in shares of Walt Disney during the 1st quarter valued at $326,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC grew its position in shares of Walt Disney by 8,744.0% during the 2nd 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 purchasing an additional 316,707 shares in the last quarter. Finally, WoodTrust Financial Corp grew its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 2.1%

Shares of NYSE:DIS opened at $114.32 on Wednesday. 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 firm has a market capitalization of $205.54 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The firm has a fifty day moving average of $114.86 and a 200 day moving average of $111.21. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted 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. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Barclays boosted their price target 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. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Guggenheim upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Evercore ISI upped their target price 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. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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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