GAMMA Investing LLC Grows Stake in The Walt Disney Company $DIS

Key Points

• GAMMA Investing LLC increased its holdings in The Walt Disney Company by 22.6% during the 2nd quarter, owning a total of 30,433 shares valued at approximately $3.774 million.
• Several large investors also adjusted their stakes in Disney, with notable increases including Kessler Investment Group's stake growing by 274% in the 1st quarter.
• Analysts have generally rated Disney positively, with one analyst giving a Strong Buy rating, while the company has a consensus rating of "Moderate Buy" and an average price target of $131.18.

GAMMA Investing LLC grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 22.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,433 shares of the entertainment giant's stock after purchasing an additional 5,603 shares during the quarter. GAMMA Investing LLC's holdings in Walt Disney were worth $3,774,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the 1st quarter valued at $26,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management bought a new position in Walt Disney during the fourth quarter worth $36,000. Vermillion Wealth Management Inc. bought a new position in Walt Disney during the fourth quarter worth $39,000. Finally, First PREMIER Bank lifted its stake in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DIS shares. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Stephens restated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One equities research 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Down 1.2%

DIS traded down $1.32 during midday trading on Monday, reaching $112.44. 15,433,461 shares of the company's stock traded hands, compared to its average volume of 7,101,095. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a fifty day moving average of $117.56 and a two-hundred day moving average of $109.22. 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 stock has a market capitalization of $202.16 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.65 and a beta of 1.55.

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 return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.