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

Key Points

• Lorne Steinberg Wealth Management Inc. increased its position in The Walt Disney Company by 10.7%, now holding 71,845 shares valued at approximately $8.9 million.
• Walt Disney's stock has a consensus target price of $132.90, with 19 analysts rating it as a buy and eight as hold.
• The company's recent earnings report showed $1.61 earnings per share, surpassing estimates and reflecting a year-over-year revenue growth of 2.1%.

Lorne Steinberg Wealth Management Inc. grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,845 shares of the entertainment giant's stock after purchasing an additional 6,970 shares during the period. Walt Disney makes up about 2.3% of Lorne Steinberg Wealth Management Inc.'s holdings, making the stock its 16th largest holding. Lorne Steinberg Wealth Management Inc.'s holdings in Walt Disney were worth $8,909,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Kondo Wealth Advisors Inc. lifted its stake in Walt Disney by 1.2% during the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant's stock worth $904,000 after purchasing an additional 84 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings 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 buying an additional 87 shares in the last quarter. Apollon Financial LLC lifted its holdings in Walt Disney by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock worth $755,000 after buying an additional 87 shares in the last quarter. Finally, Community Bank N.A. lifted its holdings in Walt Disney by 0.4% during the 2nd quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant's stock worth $2,858,000 after buying an additional 89 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DIS shares. Rosenblatt Securities reiterated a "buy" rating and set a $141.00 target price on shares of Walt Disney in a report on Friday. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI increased their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, 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 report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $132.90.

Walt Disney Price Performance

Shares of DIS opened at $110.69 on Monday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm's fifty day simple moving average is $114.86 and its 200-day simple moving average is $110.99. The firm has a market capitalization of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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 analyst estimates of $23.69 billion. During the same period last year, the business earned $1.39 EPS. The company's revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.

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.