GC Wealth Management RIA LLC Increases Stake in The Walt Disney Company $DIS

Key Points

• GC Wealth Management RIA LLC significantly increased its stake in The Walt Disney Company, raising its holdings by 424.5% in the second quarter, bringing its total to 17,483 shares valued at approximately $2.17 million.
• Walt Disney's recent earnings report showed earnings per share (EPS) of $1.61, exceeding expectations, along with a slight year-over-year revenue increase of 2.1% to $23.65 billion.
• Analysts have mixed ratings on Walt Disney stock, with one analyst giving a strong buy rating, while others have issued a variety of ratings from hold to outperform and a consensus target price of $131.18.

GC Wealth Management RIA LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 424.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,483 shares of the entertainment giant's stock after purchasing an additional 14,150 shares during the quarter. GC Wealth Management RIA LLC's holdings in Walt Disney were worth $2,168,000 at the end of the most recent quarter.

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

Walt Disney Stock Up 0.4%

Shares of NYSE:DIS opened at $113.46 on Monday. The business has a 50-day moving average price of $116.96 and a 200 day moving average price of $109.61. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $203.99 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.64 and a beta of 1.55. 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 issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Evercore ISI lifted their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.18.

About Walt Disney

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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