JT Stratford LLC Makes New Investment in The Walt Disney Company $DIS

Key Points

• JT Stratford LLC has acquired 3,484 shares of The Walt Disney Company, valued at approximately $344,000, during the first quarter.
• Several analysts have raised their price targets for Disney, with Evercore ISI and Citigroup both increasing their targets to $140.00 and issuing "outperform" and "buy" ratings respectively.
• The Walt Disney Company reported $1.61 earnings per share for the last quarter, beating estimates and reflecting a 2.1% rise in revenue compared to the same period last year.

JT Stratford LLC acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 3,484 shares of the entertainment giant's stock, valued at approximately $344,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC lifted its position in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the period. Hemington Wealth Management raised its stake in Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after buying an additional 105 shares in the last quarter. Allegheny Financial Group lifted 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 buying an additional 106 shares during the period. Leigh Baldwin & CO. LLC lifted its holdings in Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after buying an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DIS shares. Evercore ISI increased their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities lifted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Price Performance

DIS opened at $116.2030 on Wednesday. The firm has a market cap of $208.92 billion, a PE ratio of 18.21, a P/E/G ratio of 1.68 and a beta of 1.56. The stock has a 50-day moving average price of $119.29 and a 200-day moving average price of $108.14. 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 net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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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