Strathmore Capital Advisors Inc. Takes $579,000 Position in The Walt Disney Company $DIS

Key Points

• Strathmore Capital Advisors Inc. has invested $579,000 in The Walt Disney Company, acquiring 4,803 shares during the second quarter.
• Institutional investors currently own 65.71% of Disney's stock, with several firms, including Vanguard and UBS, increasing their holdings significantly in the last quarter.
• The company's stock has a market capitalization of $208.52 billion and reported better-than-expected earnings of $1.61 EPS for the last quarter, surpassing analysts' projections.

Strathmore Capital Advisors Inc. bought 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 disclosure with the Securities and Exchange Commission. The fund bought 4,803 shares of the entertainment giant's stock, valued at approximately $579,000.

A number of other hedge funds have also added to or reduced their stakes in DIS. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Walt Disney by 0.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 676,770 shares of the entertainment giant's stock valued at $83,926,000 after acquiring an additional 2,200 shares in the last quarter. Alecta Tjanstepension Omsesidigt raised its holdings in shares of Walt Disney by 6.3% in the 2nd quarter. Alecta Tjanstepension Omsesidigt now owns 3,890,400 shares of the entertainment giant's stock valued at $482,137,000 after acquiring an additional 231,000 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Walt Disney by 5.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 484,002 shares of the entertainment giant's stock valued at $60,021,000 after acquiring an additional 22,851 shares in the last quarter. Focus Financial Network Inc. raised its holdings in shares of Walt Disney by 1.7% in the 2nd quarter. Focus Financial Network Inc. now owns 10,734 shares of the entertainment giant's stock valued at $1,331,000 after acquiring an additional 182 shares in the last quarter. Finally, Sunflower Bank N.A. raised its holdings in shares of Walt Disney by 15.6% in the 2nd quarter. Sunflower Bank N.A. now owns 2,785 shares of the entertainment giant's stock valued at $345,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE:DIS traded down $1.15 during mid-day trading on Friday, reaching $113.71. The company's stock had a trading volume of 23,387,671 shares, compared to its average volume of 6,289,260. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm's fifty day moving average price is $117.71 and its two-hundred day moving average price is $109.15. 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 stock has a market cap of $204.44 billion, a P/E ratio of 17.82, a PEG ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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.