Family Capital Management Inc. Takes $307,000 Position in The Walt Disney Company $DIS

Key Points

• Family Capital Management Inc. has acquired a new stake in The Walt Disney Company worth approximately $307,000 by purchasing 2,475 shares in the 2nd quarter.
• Institutional ownership of Walt Disney stands at 65.71%, with several investors increasing their stakes, including Benin Management, Brookstone Capital, and FNY Investment Advisers.
• Walt Disney's shares received mixed reviews from analysts, with a consensus rating of "Moderate Buy" and a price target of $132.90.

Family Capital Management Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,475 shares of the entertainment giant's stock, valued at approximately $307,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Benin Management CORP lifted its position in Walt Disney by 3.8% in the 2nd quarter. Benin Management CORP now owns 25,845 shares of the entertainment giant's stock valued at $3,205,000 after acquiring an additional 935 shares in the last quarter. Brookstone Capital Management lifted its position in Walt Disney by 4.5% in the 2nd quarter. Brookstone Capital Management now owns 114,563 shares of the entertainment giant's stock valued at $14,207,000 after acquiring an additional 4,913 shares in the last quarter. Citizens & Northern Corp lifted its position in Walt Disney by 1.2% in the 2nd quarter. Citizens & Northern Corp now owns 13,032 shares of the entertainment giant's stock valued at $1,616,000 after acquiring an additional 156 shares in the last quarter. Jacobsen Capital Management lifted its position in Walt Disney by 13.4% in the 2nd 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. Finally, FNY Investment Advisers LLC lifted its position 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 valued at $1,307,000 after acquiring an additional 2,668 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DIS. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Barclays boosted their price objective 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. Finally, Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $132.90.

Walt Disney Stock Up 2.1%

Shares of DIS stock 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's 50-day moving average is $114.86 and its 200-day moving average is $111.21. The stock has a market cap of $205.54 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.47 and a beta of 1.54. 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 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 company had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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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