Townsend & Associates Inc Acquires 12,001 Shares of The Walt Disney Company $DIS

Key Points

• Townsend & Associates Inc has increased its holdings in The Walt Disney Company by 8.3%, now owning 155,799 shares valued at approximately $18.93 million.
• Walt Disney's stock has received numerous "buy" ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $132.90.
• The company reported earnings of $1.61 per share, exceeding expectations, and its revenue for the quarter was $23.65 billion, which was slightly below analysts' forecasts.

Townsend & Associates Inc boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,799 shares of the entertainment giant's stock after acquiring an additional 12,001 shares during the quarter. Walt Disney accounts for about 1.9% of Townsend & Associates Inc's investment portfolio, making the stock its 16th largest position. Townsend & Associates Inc's holdings in Walt Disney were worth $18,925,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. increased its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney in the 2nd quarter worth about $37,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth about $49,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DIS. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Up 0.7%

Shares of DIS stock opened at $110.69 on Monday. The stock has a market capitalization of $199.00 billion, a PE ratio of 17.35, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business has a 50-day moving average of $114.86 and a 200 day moving average of $110.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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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