Napa Wealth Management Makes New Investment in The Walt Disney Company $DIS

Key Points

• Napa Wealth Management has made a new investment in The Walt Disney Company, acquiring 15,525 shares worth approximately $1.53 million.
• The Walt Disney Company reported $1.61 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, while its revenue was $23.65 billion, slightly below forecasts.
• Recent analyst ratings indicate a strong interest in DIS stock, with a consensus rating of "Moderate Buy" and an average target price of $131.18.

Napa Wealth Management acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,525 shares of the entertainment giant's stock, valued at approximately $1,532,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 purchasing an additional 2,446,087 shares in the last quarter. Northern Trust Corp boosted its stake in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after purchasing an additional 717,066 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Walt Disney by 21.8% during 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 acquiring an additional 3,016,339 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Walt Disney by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock valued at $1,399,399,000 after acquiring an additional 613,414 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Up 2.1%

Shares of Walt Disney stock traded up $2.4540 during trading on Friday, reaching $118.6640. 7,157,159 shares of the company were exchanged, compared to its average volume of 8,774,050. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The business has a 50-day moving average price of $119.22 and a 200-day moving average price of $108.21. The firm has a market capitalization of $213.35 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.72 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 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 during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. upped their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus target price 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.