Raymond James Financial Inc. Has $328.69 Million Position in The Walt Disney Company $DIS

Key Points

• Raymond James Financial Inc. increased its stake in The Walt Disney Company by 3.5%, owning approximately 3.3 million shares valued at $328.7 million after acquiring additional shares in Q1.
• Walt Disney reported $1.61 earnings per share for its latest quarter, exceeding analysts' expectations of $1.45, despite revenue falling short at $23.65 billion.
• The company has a current market capitalization of $207.41 billion and received a mix of ratings from analysts, with a consensus of Moderate Buy and a target price average of $131.18.

Raymond James Financial Inc. raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,330,181 shares of the entertainment giant's stock after purchasing an additional 113,739 shares during the quarter. Raymond James Financial Inc. owned 0.18% of Walt Disney worth $328,689,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC increased its position in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the last quarter. Hemington Wealth Management increased its position in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares during the last quarter. Allegheny Financial Group increased its position in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares during the last quarter. Leigh Baldwin & CO. LLC increased its position in shares of Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 108 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its position in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS traded up $1.0240 during midday trading on Wednesday, hitting $117.2940. The company had a trading volume of 4,280,318 shares, compared to its average volume of 9,732,383. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $210.89 billion, a PE ratio of 18.40, a P/E/G ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm's 50-day simple moving average is $119.29 and its 200-day simple moving average is $108.14.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Walt Disney's revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Barclays boosted 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 Wednesday, July 9th. Morgan Stanley upped 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. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

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.