Hobart Private Capital LLC Invests $463,000 in The Walt Disney Company $DIS

Key Points

• Hobart Private Capital LLC invested approximately $463,000 in The Walt Disney Company, acquiring 3,731 shares in the 2nd quarter.
• Several hedge funds have increased their holdings in Walt Disney, with Wedge Capital Management reporting an extraordinary 8,744.0% increase in shares.
• Walt Disney's shares currently have a consensus rating of "Moderate Buy" from analysts, with a price target averaging $132.90.

Hobart Private Capital LLC purchased a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,731 shares of the entertainment giant's stock, valued at approximately $463,000.

Other hedge funds have also recently modified their holdings of the company. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. purchased a new stake in Walt Disney during the first quarter valued at approximately $326,000. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC lifted its position in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant's stock valued at $39,724,000 after acquiring an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Walt Disney during the first quarter valued at approximately $24,373,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DIS shares. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut shares of Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.90.

Walt Disney Trading Down 1.2%

Shares of Walt Disney stock opened at $111.64 on Friday. The stock has a market cap of $200.72 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The firm has a fifty day moving average price of $114.64 and a 200 day moving average price of $111.64. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business 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%.The company's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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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