Friedenthal Financial Takes $1 Million Position in The Walt Disney Company $DIS

Key Points

• Friedenthal Financial has acquired a new stake in The Walt Disney Company, purchasing 8,072 shares valued at approximately $1 million during the second quarter.
• Walt Disney's stock performance shows a one-year low of $80.10 and a high of $124.69, with a current market capitalization of $202.33 billion.
• Despite recent downgrades and holds from various analysts, the company's consensus rating remains a Moderate Buy with an average target price of $131.18.

Friedenthal Financial acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,072 shares of the entertainment giant's stock, valued at approximately $1,001,000.

A number of other institutional investors have also recently made changes to their positions in DIS. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. First Citizens Bank & Trust Co. raised its holdings in shares of Walt Disney by 5.7% during the first quarter. First Citizens Bank & Trust Co. now owns 35,564 shares of the entertainment giant's stock valued at $3,510,000 after acquiring an additional 1,933 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Walt Disney by 5.1% during the first quarter. Farther Finance Advisors LLC now owns 64,619 shares of the entertainment giant's stock valued at $6,312,000 after acquiring an additional 3,116 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Walt Disney by 66,259.4% during the first quarter. Harbor Capital Advisors Inc. now owns 70,341 shares of the entertainment giant's stock valued at $6,943,000 after acquiring an additional 70,235 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock valued at $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.54 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company's 50-day moving average is $115.82 and its 200 day moving average is $110.21. The company has a market capitalization of $202.33 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm posted $1.39 EPS. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DIS shares. Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a report on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Walt Disney presently 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.

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