Lewis Asset Management LLC Makes New Investment in The Walt Disney Company $DIS

Key Points

• Lewis Asset Management LLC acquired a new stake in The Walt Disney Company, purchasing 2,524 shares valued at approximately $313,000 in the second quarter.
• Walt Disney reported an earnings per share (EPS) of $1.61 for the last quarter, surpassing estimates and reflecting a 2.1% year-over-year revenue increase.
• Equities analysts have increased their price targets for Disney stock, with targets ranging from $130.00 to $140.00, indicating a generally optimistic outlook.

Lewis Asset Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,524 shares of the entertainment giant's stock, valued at approximately $313,000.

Other hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the first quarter worth about $26,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the period. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter valued at $36,000. Vermillion Wealth Management Inc. acquired a new stake in Walt Disney in the 4th quarter worth about $39,000. Finally, First PREMIER Bank boosted its stake in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after buying an additional 205 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $1.32 during midday trading on Monday, hitting $112.44. The stock had a trading volume of 15,433,461 shares, compared to its average volume of 7,101,095. 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 company has a market capitalization of $202.16 billion, a PE ratio of 17.62, a P/E/G ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm's fifty day moving average is $117.56 and its two-hundred day moving average is $109.22.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the company earned $1.39 EPS. The business's revenue was up 2.1% compared to the same quarter last year. On average, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DIS shares. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, September 4th. Finally, Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.