The Walt Disney Company $DIS Shares Acquired by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Walt Disney shares by 39.2% in the second quarter, acquiring an additional 5,098 shares, totaling 18,094 shares valued at $2,244,000.
• Analysts have a largely positive outlook on Disney, with 19 analysts rating the stock as a "Buy" and an average price target of $131.18, reflecting their confidence in future growth.
• Walt Disney recently reported earnings of $1.61 per share, surpassing analyst estimates, and has a projected EPS of 5.47 for the current year, indicating ongoing financial strength.

Vest Financial LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 39.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,094 shares of the entertainment giant's stock after acquiring an additional 5,098 shares during the period. Vest Financial LLC's holdings in Walt Disney were worth $2,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Brighton Jones LLC lifted its position in shares of Walt Disney by 7.7% during 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after purchasing an additional 1,856 shares during the period. Cyndeo Wealth Partners LLC grew its stake in Walt Disney by 9.9% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 8,798 shares of the entertainment giant's stock valued at $868,000 after acquiring an additional 791 shares during the last quarter. Mission Wealth Management LP grew its stake in Walt Disney by 9.6% in the 1st quarter. Mission Wealth Management LP now owns 28,808 shares of the entertainment giant's stock valued at $2,843,000 after acquiring an additional 2,527 shares during the last quarter. Finally, Adero Partners LLC lifted its holdings in Walt Disney by 12.3% in the 1st quarter. Adero Partners LLC now owns 2,095 shares of the entertainment giant's stock valued at $207,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. 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.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS opened at $111.12 on Wednesday. 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 $115.03 and its 200 day simple moving average is $110.57. 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 $199.79 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.22% and a return on equity of 9.67%. The business 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. The company's revenue was up 2.1% on a year-over-year basis. Equities analysts expect 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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.