Scharf Investments LLC grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 45.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 840,267 shares of the entertainment giant's stock after acquiring an additional 261,898 shares during the period. Walt Disney comprises approximately 3.0% of Scharf Investments LLC's holdings, making the stock its 14th biggest holding. Scharf Investments LLC's holdings in Walt Disney were worth $104,203,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the 1st quarter worth $26,000. Kessler Investment Group LLC grew its holdings in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Copia Wealth Management acquired a new position in Walt Disney during the 4th quarter worth $36,000. Vermillion Wealth Management Inc. acquired a new position in Walt Disney during the 4th quarter worth $39,000. Finally, First PREMIER Bank grew its holdings in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on DIS shares. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.
Read Our Latest Research Report on DIS
Walt Disney Price Performance
Shares of NYSE DIS traded down $1.32 during midday trading on Monday, reaching $112.44. The company's stock had a trading volume of 15,433,461 shares, compared to its average volume of 7,101,095. 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 price of $117.56 and a 200 day moving average price of $109.22. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a market cap of $202.16 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55.
Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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 net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm earned $1.39 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney Profile
(
Free Report)
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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