Berkshire Asset Management LLC PA Buys 10,049 Shares of The Walt Disney Company $DIS

Key Points

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Berkshire Asset Management LLC PA lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 89,812 shares of the entertainment giant's stock after acquiring an additional 10,049 shares during the quarter. Berkshire Asset Management LLC PA's holdings in Walt Disney were worth $9,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. grew its stake in shares of Walt Disney by 60.0% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,400 shares of the entertainment giant's stock worth $235,000 after acquiring an additional 900 shares during the period. Texas Capital Bank Wealth Management Services Inc grew its stake in shares of Walt Disney by 36.8% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 8,268 shares of the entertainment giant's stock worth $816,000 after acquiring an additional 2,226 shares during the period. Colonial Trust Advisors grew its stake in shares of Walt Disney by 1.9% during the 1st quarter. Colonial Trust Advisors now owns 83,536 shares of the entertainment giant's stock worth $8,245,000 after acquiring an additional 1,534 shares during the period. M Holdings Securities Inc. grew its stake in shares of Walt Disney by 16.0% during the 1st quarter. M Holdings Securities Inc. now owns 22,755 shares of the entertainment giant's stock worth $2,246,000 after acquiring an additional 3,138 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Walt Disney during the 1st quarter worth $6,147,000. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS traded up $2.4540 during trading hours on Friday, reaching $118.6640. 7,034,999 shares of the stock traded hands, compared to its average volume of 9,701,602. The company has a market capitalization of $213.35 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.69 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. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company's 50-day simple moving average is $119.20 and its two-hundred day simple moving average is $108.21.

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. The company had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.