The Walt Disney Company $DIS Shares Acquired by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC increased its stake in The Walt Disney Company by 24.2% in Q2, owning 15,284 shares valued at approximately $1.9 million.
• The Walt Disney Company reported an EPS of $1.61 for the last quarter, exceeding expectations, with a revenue of $23.65 billion, reflecting a 2.1% year-over-year growth.
• Wall Street analysts show strong confidence in the company, with an average rating of "Moderate Buy" and a consensus target price of $131.18.

Pure Financial Advisors LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 24.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,284 shares of the entertainment giant's stock after buying an additional 2,979 shares during the quarter. Pure Financial Advisors LLC's holdings in Walt Disney were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter worth $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. First PREMIER Bank boosted its holdings in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in Walt Disney in the first quarter worth $52,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $112.14 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm's 50-day simple moving average is $116.30 and its 200 day simple moving average is $109.86. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $201.62 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 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 firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities raised their target price on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average 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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