Schnieders Capital Management LLC Acquires 2,503 Shares of The Walt Disney Company $DIS

Key Points

• Schnieders Capital Management LLC increased its holdings in The Walt Disney Company by 16.2%, acquiring 2,503 additional shares, bringing its total to 17,955 shares valued at approximately $2.2 million.
• Several institutional investors have also boosted their stakes in Disney during the 2nd quarter, with notable increases from Townsend & Associates Inc and Lorne Steinberg Wealth Management Inc, among others.
• Walt Disney's stock has a current target price range of $125 to $141 set by various analysts, with the average rating being a Moderate Buy.

Schnieders Capital Management LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,955 shares of the entertainment giant's stock after purchasing an additional 2,503 shares during the period. Schnieders Capital Management LLC's holdings in Walt Disney were worth $2,227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Townsend & Associates Inc boosted its position in shares of Walt Disney by 8.3% during the 2nd quarter. Townsend & Associates Inc now owns 155,799 shares of the entertainment giant's stock valued at $18,925,000 after purchasing an additional 12,001 shares in the last quarter. Lorne Steinberg Wealth Management Inc. boosted its position in shares of Walt Disney by 10.7% during the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 71,845 shares of the entertainment giant's stock valued at $8,909,000 after purchasing an additional 6,970 shares in the last quarter. Evermay Wealth Management LLC boosted its position in shares of Walt Disney by 5.1% during the 2nd quarter. Evermay Wealth Management LLC now owns 2,077 shares of the entertainment giant's stock valued at $258,000 after purchasing an additional 100 shares in the last quarter. Lyell Wealth Management LP boosted its position in shares of Walt Disney by 4.2% during the 2nd quarter. Lyell Wealth Management LP now owns 40,336 shares of the entertainment giant's stock valued at $5,002,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Madison Wealth Partners Inc bought a new stake in shares of Walt Disney during the 2nd quarter valued at about $231,000. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Rosenblatt Securities reiterated a "buy" rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $132.90.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $110.69 on Monday. The company has a market cap of $199.00 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business has a 50 day moving average price of $114.86 and a 200-day moving average price of $110.99. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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 the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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