MBL Wealth LLC Takes $226,000 Position in The Walt Disney Company $DIS

Key Points

• MBL Wealth LLC has made a new investment in The Walt Disney Company, acquiring 2,285 shares valued at approximately $226,000.
• Recent performance shows that Walt Disney's stock has a market cap of $208.40 billion with a P/E ratio of 18.17, while analysts project an EPS of 5.47 for the current fiscal year.
• Shares of Disney earned mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $131.18.

MBL Wealth LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,285 shares of the entertainment giant's stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Nuveen LLC acquired a new stake in Walt Disney in the first quarter worth $1,353,607,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 purchasing an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. raised its holdings 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 purchasing an additional 2,578,004 shares during the period. Vanguard Group Inc. raised its holdings 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 purchasing an additional 2,446,087 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after purchasing an additional 2,427,728 shares during the period. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, September 4th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Rosenblatt Securities raised 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. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Down 0.9%

Walt Disney stock traded down $1.06 during mid-day trading on Friday, reaching $116.02. The company's stock had a trading volume of 7,638,964 shares, compared to its average volume of 5,960,941. The company has a market capitalization of $208.60 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The business's 50 day simple moving average is $118.34 and its 200 day simple moving average is $109.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

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 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 net margin of 12.22% and a return on equity of 9.67%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.