Permanens Capital L.P. Has $4.46 Million Position in The Walt Disney Company $DIS

Key Points

• Permanens Capital L.P. increased its position in The Walt Disney Company by 25.1% in the first quarter, owning a total of 45,149 shares valued at approximately $4.46 million.
• Major hedge funds, including Nuveen LLC and Diamond Hill Capital Management, have significantly increased their stakes in Disney, indicating strong institutional interest in the company.
• Walt Disney recently reported $1.61 earnings per share for the quarter, surpassing expectations and showing a 2.1% revenue increase year-over-year.

Permanens Capital L.P. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,149 shares of the entertainment giant's stock after acquiring an additional 9,046 shares during the quarter. Walt Disney makes up approximately 0.8% of Permanens Capital L.P.'s portfolio, making the stock its 14th largest holding. Permanens Capital L.P.'s holdings in Walt Disney were worth $4,456,000 at the end of the most recent quarter.

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

Walt Disney Stock Performance

NYSE DIS traded down $0.88 during midday trading on Friday, hitting $117.93. The company had a trading volume of 6,668,217 shares, compared to its average volume of 6,153,728. 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 stock has a market cap of $212.03 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.71 and a beta of 1.55. The firm has a fifty day simple moving average of $119.01 and a two-hundred day simple moving average of $108.77. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DIS shares. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities lifted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $131.18.

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.