Sutton Place Investors LLC Takes $276,000 Position in The Walt Disney Company $DIS

Key Points

• Sutton Place Investors LLC has acquired a new stake in The Walt Disney Company, purchasing 2,224 shares valued at approximately $276,000.
• Walt Disney reported $1.61 earnings per share for the last quarter, exceeding analysts' expectations, with revenue of $23.65 billion.
• The stock has received positive ratings from several analysts, with a current consensus rating of "Moderate Buy" and a target price of $131.18.

Sutton Place Investors LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,224 shares of the entertainment giant's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. lifted its position in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after acquiring an additional 87 shares in the last quarter. Childress Capital Advisors LLC lifted its position in Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after acquiring an additional 87 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in Walt Disney by 9.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after acquiring an additional 94 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its position in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Finally, Clearstead Trust LLC lifted its position in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after acquiring an additional 99 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE DIS opened at $112.49 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. 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 company has a market capitalization of $202.25 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The business has a 50 day simple moving average of $116.12 and a 200-day simple moving average of $110.02.

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

Analyst Upgrades and Downgrades

DIS has been the topic of several recent research reports. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings restated a "hold (c+)" rating on shares of Walt Disney in a report on Saturday, September 27th. Rosenblatt Securities lifted their price objective on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus 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.

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