Townsquare Capital LLC Purchases 13,548 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Townsquare Capital LLC increased its stake in The Walt Disney Company by 6.6%, owning a total of 219,499 shares valued at approximately $21.67 million.
• Walt Disney's latest quarterly earnings showed a profit of $1.61 per share, surpassing estimates, and revenue for the quarter reached $23.65 billion.
• Several analysts have raised their price targets for Walt Disney, with Guggenheim increasing its target from $120 to $140, reflecting a positive outlook for the company's stock.

Townsquare Capital LLC raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,499 shares of the entertainment giant's stock after buying an additional 13,548 shares during the period. Townsquare Capital LLC's holdings in Walt Disney were worth $21,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acorns Advisers LLC increased its holdings in Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after acquiring an additional 98 shares during the period. Clearstead Trust LLC increased its holdings in shares of Walt Disney by 0.6% in the first 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 period. Hemington Wealth Management increased its holdings in shares of Walt Disney by 1.9% in the first 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 period. Allegheny Financial Group boosted its stake in Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after buying an additional 106 shares during the period. Finally, Resonant Capital Advisors LLC boosted its stake in Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 2.0%

Shares of DIS opened at $112.89 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average price is $119.18 and its 200-day moving average price is $107.98. The firm has a market capitalization of $202.94 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.56.

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 for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The business's revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Barclays boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Evercore ISI raised their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday. Finally, UBS Group lifted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.83.

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.

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