Oak Harvest Investment Services Purchases 3,235 Shares of The Walt Disney Company $DIS

Key Points

• Oak Harvest Investment Services increased its holdings in The Walt Disney Company by 5.2%, acquiring an additional 3,235 shares, bringing its total to 64,895 shares valued at approximately $6.4 million.
• Walt Disney reported $1.61 EPS for the recent quarter, surpassing analysts' expectations and showing a 2.1% rise in quarterly revenue year-over-year.
• Analysts have raised price targets for Walt Disney, with Evercore ISI setting a new target of $140, reflecting positive sentiment among 19 analysts rating the stock as a Buy.

Oak Harvest Investment Services grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,895 shares of the entertainment giant's stock after purchasing an additional 3,235 shares during the period. Oak Harvest Investment Services' holdings in Walt Disney were worth $6,405,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the first quarter worth about $26,000. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Walt Disney during the fourth quarter worth about $39,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 2.1%

DIS opened at $118.6640 on Friday. The business has a 50 day simple moving average of $119.22 and a two-hundred day simple moving average of $108.23. The firm has a market capitalization of $213.35 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DIS shares. Evercore ISI lifted their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently 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.

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