AlphaQuest LLC Buys 12,325 Shares of The Walt Disney Company $DIS

Key Points

• AlphaQuest LLC significantly increased its stake in The Walt Disney Company by 616,250% in the first quarter, owning 12,327 shares valued at $1,217,000.
• Walt Disney reported an EPS of $1.61 for the last quarter, exceeding the consensus estimate of $1.45, with a revenue of $23.65 billion.
• Analysts have given Disney an average rating of "Moderate Buy" with a target price of $131.18, reflecting confidence in the company's performance.

AlphaQuest LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 616,250.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,327 shares of the entertainment giant's stock after acquiring an additional 12,325 shares during the quarter. AlphaQuest LLC's holdings in Walt Disney were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the first quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the fourth quarter worth about $27,000. Kessler Investment Group LLC increased its position 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 buying an additional 200 shares in the last quarter. Copia Wealth Management purchased a new stake in Walt Disney in the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DIS shares. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Stephens restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

Walt Disney stock traded up $0.50 during midday trading on Wednesday, reaching $118.15. 4,062,972 shares of the stock traded hands, compared to its average volume of 9,621,281. The stock's fifty day moving average is $119.17 and its 200-day moving average is $108.32. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market cap of $212.42 billion, a P/E ratio of 18.52, a PEG ratio of 1.70 and a beta of 1.56. 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 quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business 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 company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current 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.