Spartan Planning & Wealth Management Takes $458,000 Position in The Walt Disney Company $DIS

Key Points

• Spartan Planning & Wealth Management acquired a new position in The Walt Disney Company, purchasing 3,696 shares worth approximately $458,000 in the second quarter.
• Several institutional investors have recently increased their stakes in Disney, with Kingstone Capital Partners acquiring $4.22 billion worth of shares in the second quarter.
• Walt Disney's stock received multiple "buy" ratings from analysts, and its average target price is currently set at $131.18.

Spartan Planning & Wealth Management acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,696 shares of the entertainment giant's stock, valued at approximately $458,000.

A number of other hedge funds have also recently modified their holdings of DIS. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at $4,220,599,000. Nuveen LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $1,353,607,000. Diamond Hill Capital Management Inc. grew its position in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the period. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after buying an additional 1,642,907 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $114.78 on Tuesday. The firm has a market cap of $206.37 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The firm's 50 day simple moving average is $116.83 and its 200-day simple moving average is $109.72. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. The business 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 company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.

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