Janney Montgomery Scott LLC Has $48.31 Million Position in The Walt Disney Company $DIS

Key Points

• Janney Montgomery Scott LLC has increased its position in The Walt Disney Company by 3.0%, holding 389,578 shares valued at approximately $48.31 million.
• Walt Disney recently received upgrades from analysts, with target prices raised, including a boost from Evercore ISI from $134.00 to $140.00, reflecting a positive outlook on the stock.
• The company's latest earnings report showed an earnings per share of $1.61, exceeding expectations and indicating a year-over-year revenue increase of 2.1% despite a slight miss on overall revenue targets.

Janney Montgomery Scott LLC lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,578 shares of the entertainment giant's stock after buying an additional 11,424 shares during the period. Janney Montgomery Scott LLC's holdings in Walt Disney were worth $48,312,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the 1st quarter worth about $26,000. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. First PREMIER Bank increased its stake in Walt Disney by 72.2% in the 1st 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 period. Capitol Family Office Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at $52,000. Finally, Core Alternative Capital grew its holdings in shares of Walt Disney by 71.0% during the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant's stock valued at $53,000 after acquiring an additional 225 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on DIS shares. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Down 0.3%

DIS stock opened at $114.47 on Wednesday. The stock has a market capitalization of $205.81 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.55. The company has a 50-day moving average of $116.70 and a two-hundred day moving average of $109.75. The Walt Disney Company has a 52-week low of $80.10 and a 52-week 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 posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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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