The Walt Disney Company $DIS Shares Bought by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. significantly increased its stake in The Walt Disney Company by 160.6%, owning 68,229 shares valued at approximately $6.73 million after the acquisition.
• Several analyst firms have raised their price targets for Disney, with targets ranging from $140.00 to $141.00, maintaining a consensus rating of "Moderate Buy."
• The Walt Disney Company reported an EPS of $1.61 for the most recent quarter, exceeding expectations and demonstrating a 2.1% increase in revenue compared to the previous year.

Geneos Wealth Management Inc. raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 160.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,229 shares of the entertainment giant's stock after acquiring an additional 42,050 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Walt Disney were worth $6,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC grew its position in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on DIS. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities upped their target price on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Morgan Stanley boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Trading Down 1.2%

Shares of NYSE DIS opened at $117.43 on Wednesday. The stock's 50 day moving average price is $118.78 and its two-hundred day moving average price is $108.90. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market capitalization of $211.13 billion, a P/E ratio of 18.41, a PEG ratio of 1.72 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The company 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%.The business's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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