Mason & Associates Inc Purchases New Shares in The Walt Disney Company $DIS

Key Points

• Mason & Associates Inc has acquired 10,504 new shares of The Walt Disney Company, valued at approximately $1,303,000, during the second quarter.
• The Walt Disney Company reported $1.61 earnings per share for the last quarter, beating analysts' expectations of $1.45, and experienced a 2.1% revenue increase year-over-year.
• Wall Street analysts show strong confidence in Disney's stock, with an average rating of "Moderate Buy" and a price target of $132.90.

Mason & Associates Inc acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,504 shares of the entertainment giant's stock, valued at approximately $1,303,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AG2R LA Mondiale Gestion D Actifs lifted its holdings in Walt Disney by 0.6% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 67,266 shares of the entertainment giant's stock valued at $8,342,000 after purchasing an additional 405 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Walt Disney by 3.3% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 49,820 shares of the entertainment giant's stock worth $6,176,000 after acquiring an additional 1,602 shares during the period. Hobart Private Capital LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth $463,000. Richards Merrill & Peterson Inc. raised its holdings in shares of Walt Disney by 3.6% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 5,069 shares of the entertainment giant's stock worth $629,000 after acquiring an additional 174 shares during the period. Finally, Sage Mountain Advisors LLC raised its holdings in shares of Walt Disney by 20.7% during the 2nd quarter. Sage Mountain Advisors LLC now owns 8,939 shares of the entertainment giant's stock worth $1,109,000 after acquiring an additional 1,532 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS opened at $111.64 on Friday. The stock has a 50 day moving average price of $114.64 and a 200 day moving average price of $111.64. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $200.72 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm's revenue for the quarter 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.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research analyst reports. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Evercore ISI lifted their target price on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Finally, Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $132.90.

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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