Steigerwald Gordon & Koch Inc. Boosts Stake in The Walt Disney Company $DIS

Key Points

• Steigerwald Gordon & Koch Inc. increased its holdings in The Walt Disney Company by 2.3%, owning a total of 112,665 shares valued at approximately $13.97 million.
• The Walt Disney Company reported earnings per share of $1.61 for the most recent quarter, surpassing estimates of $1.45, with revenue of $23.65 billion.
• Analysts have upgraded their price targets for Disney, with Morgan Stanley raising theirs from $120.00 to $140.00, signaling a positive outlook for the stock.

Steigerwald Gordon & Koch Inc. boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 2.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 112,665 shares of the entertainment giant's stock after buying an additional 2,557 shares during the period. Steigerwald Gordon & Koch Inc.'s holdings in Walt Disney were worth $13,972,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DIS. Brighton Jones LLC increased its stake in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter worth $39,000. Ameriflex Group Inc. purchased a new stake in Walt Disney in the 4th quarter worth $233,000. Heck Capital Advisors LLC purchased a new stake in Walt Disney in the 4th quarter worth $436,000. Finally, Sculati Wealth Management LLC increased its stake in Walt Disney by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 18,801 shares of the entertainment giant's stock worth $2,093,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 1.2%

Shares of NYSE DIS opened at $112.44 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $202.16 billion, a P/E ratio of 17.62, a PEG ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a 50-day simple moving average of $117.56 and a two-hundred day simple moving average of $109.22.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DIS shares. Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, September 4th. Stephens restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. One 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney 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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