Farmers & Merchants Investments Inc. Has $19.58 Million Stock Holdings in The Walt Disney Company $DIS

Key Points

• Farmers & Merchants Investments Inc. increased its holdings in The Walt Disney Company by 1.7%, owning a total of 157,918 shares valued at approximately $19.58 million.
• The Walt Disney Company reported $1.61 earnings per share for the last quarter, exceeding estimates, with a total revenue of $23.65 billion, slightly below analyst expectations.
• Walt Disney stock has been rated as a "Moderate Buy" by analysts, with a consensus target price of $131.18 and only 8 Hold ratings compared to 19 Buy ratings.

Farmers & Merchants Investments Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,918 shares of the entertainment giant's stock after buying an additional 2,570 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Walt Disney were worth $19,583,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. grew its stake in shares of Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after acquiring an additional 87 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Walt Disney by 9.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after acquiring an additional 94 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after purchasing an additional 99 shares during the last quarter. Aspen Investment Management Inc boosted its holdings in Walt Disney by 3.5% during the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock valued at $290,000 after acquiring an additional 100 shares during the period. Finally, Hemington Wealth Management raised its position in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 1.2%

NYSE:DIS traded down $1.32 during trading hours on Monday, hitting $112.44. 15,433,461 shares of the stock traded hands, compared to its average volume of 7,101,095. The firm has a 50 day moving average price of $117.56 and a 200 day moving average price of $109.22. 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 fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $202.16 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company 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 company earned $1.39 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities upped their price objective on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

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.