FNY Investment Advisers LLC Purchases 2,668 Shares of The Walt Disney Company $DIS

Key Points

• FNY Investment Advisers LLC increased its holdings in The Walt Disney Company by 33.9%, acquiring an additional 2,668 shares during the 2nd quarter, raising its total to 10,541 shares valued at $1,307,000.
• Analysts are optimistic about Walt Disney's prospects, with multiple firms increasing their price targets for the stock, including Barclays raising it to $140.00 and JPMorgan Chase to $138.00.
• The company reported an EPS of $1.61 for the last quarter, surpassing consensus estimates while also showing a 2.1% year-over-year revenue growth.

FNY Investment Advisers LLC raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 33.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,541 shares of the entertainment giant's stock after acquiring an additional 2,668 shares during the quarter. FNY Investment Advisers LLC's holdings in Walt Disney were worth $1,307,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Walt Disney by 5.8% in the 2nd quarter. D.A. Davidson & CO. now owns 306,439 shares of the entertainment giant's stock worth $38,002,000 after purchasing an additional 16,737 shares in the last quarter. Blume Capital Management Inc. boosted its position in shares of Walt Disney by 0.6% in the 2nd quarter. Blume Capital Management Inc. now owns 89,874 shares of the entertainment giant's stock worth $11,145,000 after purchasing an additional 568 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Walt Disney by 2.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 234,714 shares of the entertainment giant's stock worth $29,107,000 after purchasing an additional 5,972 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Walt Disney by 18.5% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 224,835 shares of the entertainment giant's stock worth $27,882,000 after purchasing an additional 35,073 shares in the last quarter. Finally, Smith Thornton Advisors LLC boosted its position in shares of Walt Disney by 2.1% in the 2nd quarter. Smith Thornton Advisors LLC now owns 9,588 shares of the entertainment giant's stock worth $1,189,000 after purchasing an additional 198 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DIS shares. Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. JPMorgan Chase & Co. boosted their price objective 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. Rosenblatt Securities restated a "buy" rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Finally, Morgan Stanley boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.90.

Walt Disney Trading Up 2.1%

NYSE:DIS opened at $114.32 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $205.54 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business has a fifty day moving average price of $114.86 and a 200-day moving average price of $111.21.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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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