Level Four Advisory Services LLC Boosts Holdings in The Walt Disney Company $DIS

Key Points

• Level Four Advisory Services LLC increased its stake in The Walt Disney Company by 5.9%, owning 43,958 shares worth approximately $4.34 million.
• Walt Disney reported earnings of $1.61 per share for the last quarter, exceeding estimates, with a revenue of $23.65 billion despite slightly missing analyst expectations.
• Analysts are optimistic on Disney's performance, with several firms raising their price targets to between $140 and $145, indicating a consensus rating of "Moderate Buy."

Level Four Advisory Services LLC increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,958 shares of the entertainment giant's stock after buying an additional 2,459 shares during the period. Level Four Advisory Services LLC's holdings in Walt Disney were worth $4,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DIS. Nuveen LLC bought a new position in Walt Disney in the first quarter worth approximately $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after buying an additional 5,449,158 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after buying an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $2.4540 during mid-day trading on Friday, hitting $118.6640. The stock had a trading volume of 7,157,159 shares, compared to its average volume of 8,698,793. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50 day moving average of $119.22 and a two-hundred day moving average of $108.25. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $213.35 billion, a PE ratio of 18.60, a PEG ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm earned $1.39 EPS. The firm's revenue was up 2.1% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIS shares. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.