First American Bank Boosts Holdings in The Walt Disney Company $DIS

Key Points

• First American Bank increased its holdings in The Walt Disney Company by 12.5% in Q2, owning 64,960 shares valued at approximately $8.05 million.
• The company's EPS for the last quarter was $1.61, exceeding analysts' expectations, with a revenue of $23.65 billion, just shy of the estimates.
• Analysts remain optimistic, with multiple brokerages raising their price targets for Disney stock, now averaging a target of $131.18 and a consensus rating of "Moderate Buy."

First American Bank grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 12.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 64,960 shares of the entertainment giant's stock after buying an additional 7,209 shares during the period. First American Bank's holdings in Walt Disney were worth $8,056,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the 1st quarter worth about $26,000. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. First PREMIER Bank raised its holdings in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Capitol Family Office Inc. purchased a new position in shares of Walt Disney during the first quarter valued at approximately $52,000. Finally, Core Alternative Capital raised its holdings in shares of Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant's stock valued at $53,000 after purchasing an additional 225 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $113.46 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $116.96 and a two-hundred day simple moving average of $109.44. The stock has a market cap of $203.99 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.63 and a beta of 1.55. 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 released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. Rosenblatt Securities boosted their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Barclays upped 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. Finally, Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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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