Lodge Hill Capital LLC Acquires Shares of 246,940 The Walt Disney Company $DIS

Key Points

• Lodge Hill Capital LLC has acquired a new position in The Walt Disney Company (NYSE:DIS), purchasing 246,940 shares valued at approximately $24.4 million, making it the firm's sixth largest holding.
• Walt Disney recently reported a quarterly EPS of $1.61, exceeding expectations, with a revenue of $23.65 billion, a slight drop from projections.
• Analysts have raised Disney's price targets, with firms like Citigroup and Barclays setting new targets at $140.00, reflecting a generally optimistic outlook on the stock.

Lodge Hill Capital LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 246,940 shares of the entertainment giant's stock, valued at approximately $24,373,000. Walt Disney comprises 5.8% of Lodge Hill Capital LLC's holdings, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC increased its holdings in 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 buying an additional 99 shares during the period. Hemington Wealth Management increased its holdings in Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after buying an additional 105 shares during the period. Allegheny Financial Group boosted its position in Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares in the last quarter. Leigh Baldwin & CO. LLC boosted its position in Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 108 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.75 during midday trading on Friday, reaching $118.39. 5,210,979 shares of the company's stock traded hands, compared to its average volume of 8,595,832. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market cap of $212.86 billion, a P/E ratio of 18.56, a PEG ratio of 1.70 and a beta of 1.56. 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 fifty day simple moving average of $119.20 and a two-hundred day simple moving average of $108.51.

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

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned 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 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.