Financial Harvest LLC Buys New Shares in The Walt Disney Company $DIS

Key Points

• Financial Harvest LLC invested approximately $375,000 in The Walt Disney Company, purchasing 3,023 shares during the second quarter.
• Recent analyst upgrades have increased price targets for Disney, with Barclays and Citigroup setting targets at $140, reflecting a positive outlook on the stock.
• Walt Disney reported $1.61 earnings per share for the last quarter, surpassing analyst expectations and achieving a 2.1% year-over-year revenue increase.

Financial Harvest LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,023 shares of the entertainment giant's stock, valued at approximately $375,000.

A number of other large investors have also recently bought and sold shares of the business. Chapin Davis Inc. raised its holdings in shares of Walt Disney by 10.4% during the second quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant's stock valued at $3,735,000 after buying an additional 2,828 shares during the last quarter. GAMMA Investing LLC grew its position in Walt Disney by 22.6% in the second quarter. GAMMA Investing LLC now owns 30,433 shares of the entertainment giant's stock worth $3,774,000 after buying an additional 5,603 shares during the last quarter. Scharf Investments LLC boosted its stake in Walt Disney by 45.3% in the 2nd quarter. Scharf Investments LLC now owns 840,267 shares of the entertainment giant's stock worth $104,203,000 after purchasing an additional 261,898 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Walt Disney by 1.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 157,918 shares of the entertainment giant's stock worth $19,583,000 after purchasing an additional 2,570 shares during the period. Finally, Lewis Asset Management LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $313,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $1.32 during midday trading on Monday, hitting $112.44. 15,433,461 shares of the company traded hands, compared to its average volume of 7,101,095. The stock 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. 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 fifty day moving average price is $117.56 and its 200-day moving average price is $109.22. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

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 for the quarter, topping 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.