2,603 Shares in The Walt Disney Company $DIS Purchased by Second Line Capital LLC

Key Points

• Second Line Capital LLC invested approximately $257,000 in The Walt Disney Company, acquiring 2,603 shares during the first quarter.
• Several institutional investors have recently altered their positions in Disney, with over 65.71% of the stock held by institutional investors and hedge funds.
• Wall Street analysts have generally given Disney a consensus rating of "Moderate Buy" and a target price of around $131.18, with many firms raising their target prices recently.

Second Line Capital LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,603 shares of the entertainment giant's stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC boosted its holdings in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the last quarter. Hemington Wealth Management raised its stake in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group raised its stake in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after purchasing an additional 106 shares in the last quarter. Leigh Baldwin & CO. LLC grew its position in shares of Walt Disney by 2.2% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after buying an additional 108 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its position in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.75 during trading hours on Monday, reaching $118.39. 5,210,979 shares of the stock were exchanged, compared to its average volume of 8,424,572. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock's fifty day simple moving average is $119.20 and its 200 day simple moving average is $108.50. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market capitalization of $212.86 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 1.71 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, August 7th. Rosenblatt Securities raised their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.