Kingstone Capital Partners Texas LLC Acquires New Holdings in The Walt Disney Company $DIS

Key Points

• Kingstone Capital Partners Texas LLC has acquired 34,034,346 shares of The Walt Disney Company, valued at approximately $4.22 billion, and now holds about 1.89% of the company's stock.
• Analysts have given Walt Disney stock an average rating of "Moderate Buy" with a consensus price target of $131.18, reflecting generally positive sentiment surrounding the company's future.
• Walt Disney reported $1.61 EPS for the last quarter, which exceeded expectations, although its revenue of $23.65 billion was slightly below analysts' forecasts.

Kingstone Capital Partners Texas LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,034,346 shares of the entertainment giant's stock, valued at approximately $4,220,599,000. Kingstone Capital Partners Texas LLC owned 1.89% of Walt Disney at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG increased its stake in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. acquired a new position in Walt Disney in the 1st quarter worth approximately $326,000. WoodTrust Financial Corp raised its position in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton boosted its stake in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after purchasing an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC acquired a new stake in shares of Walt Disney in the 1st quarter valued at approximately $24,373,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 1.0%

Shares of DIS traded down $1.15 during mid-day trading on Friday, reaching $113.71. The company's stock had a trading volume of 23,387,671 shares, compared to its average volume of 6,289,260. The Walt Disney Company has a 12-month low of $80.10 and a 12-month 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. The company's 50 day moving average is $117.71 and its 200 day moving average is $109.15. The stock has a market cap of $204.44 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 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 business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Guggenheim lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. 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. Based on data from MarketBeat.com, the company currently 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.