NewEdge Advisors LLC Has $13.61 Million Holdings in The Walt Disney Company $DIS

Key Points

• NewEdge Advisors LLC increased its stake in The Walt Disney Company by 9.7%, owning 137,903 shares worth $13.61 million after acquiring an additional 12,143 shares in the 1st quarter.
• The Walt Disney Company reported $1.61 earnings per share (EPS), surpassing the consensus estimate of $1.45, and its revenue was $23.65 billion for the quarter.
• Analysts have given Walt Disney a consensus rating of "Moderate Buy", with a target price of $131.18, reflecting strong investor confidence in the stock's performance.

NewEdge Advisors LLC raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,903 shares of the entertainment giant's stock after acquiring an additional 12,143 shares during the period. NewEdge Advisors LLC's holdings in Walt Disney were worth $13,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter worth about $27,000. Kessler Investment Group LLC increased its position in 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 purchased a new stake in Walt Disney during the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney during the 4th quarter valued at approximately $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.2%

NYSE DIS traded down $1.41 during trading hours on Tuesday, reaching $117.43. 5,365,364 shares of the company traded hands, compared to its average volume of 9,464,879. 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 50 day moving average of $118.90 and a two-hundred day moving average of $108.84. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $211.13 billion, a PE ratio of 18.41, a PEG ratio of 1.71 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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 firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the business earned $1.39 EPS. The firm's revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DIS shares. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.