The Walt Disney Company $DIS Shares Acquired by J. Stern & Co. LLP

Key Points

• J. Stern & Co. LLP raised its stake in The Walt Disney Company by 10.2% during the 1st quarter, now owning 376,597 shares valued at $37.17 million.
• The Walt Disney Company reported a quarterly earnings of $1.61 EPS, which exceeded estimates, along with a revenue of $23.65 billion for the quarter.
• Analysts have a consensus rating of "Moderate Buy" for DIS, with a price target averaging $131.18, as various firms have recently upgraded their forecasts for the stock.

J. Stern & Co. LLP grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,597 shares of the entertainment giant's stock after purchasing an additional 34,842 shares during the period. Walt Disney makes up about 3.6% of J. Stern & Co. LLP's holdings, making the stock its 15th biggest position. J. Stern & Co. LLP's holdings in Walt Disney were worth $37,170,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DIS. Clearstead Trust LLC lifted its stake in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after acquiring an additional 99 shares during the period. Hemington Wealth Management lifted its holdings in shares of Walt Disney by 1.9% during the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after purchasing an additional 105 shares during the last quarter. Allegheny Financial Group boosted its holdings in Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after acquiring an additional 106 shares in the last quarter. Leigh Baldwin & CO. LLC boosted its stake in Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 108 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 0.3%

DIS stock traded down $0.41 during trading on Thursday, hitting $117.68. 5,684,605 shares of the company's stock were exchanged, compared to its average volume of 8,673,198. The business has a 50-day moving average price of $119.18 and a two-hundred day moving average price of $108.39. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. 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 stock has a market capitalization of $211.58 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.71 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. JPMorgan Chase & Co. raised their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities raised their price objective on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, August 7th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.