Triavera Capital LLC Boosts Holdings in The Walt Disney Company $DIS

Key Points

• Triavera Capital LLC increased its stake in The Walt Disney Company by 15.7%, holding 83,605 shares valued at approximately $8.25 million.
• The Walt Disney Company reported $1.61 earnings per share for its latest quarter, exceeding analysts' expectations, while revenue was $23.65 billion, slightly below estimates.
• Analysts have set new price targets for Disney, with Rosenblatt Securities raising their target to $141.00 and UBS Group to $138.00, indicating a general sentiment of a buy rating from most analysts.

Triavera Capital LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 83,605 shares of the entertainment giant's stock after purchasing an additional 11,365 shares during the quarter. Walt Disney comprises about 4.7% of Triavera Capital LLC's holdings, making the stock its 13th biggest holding. Triavera Capital LLC's holdings in Walt Disney were worth $8,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management purchased a new stake in Walt Disney during the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.7%

Walt Disney stock opened at $117.93 on Friday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a market cap of $212.03 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.71 and a beta of 1.55. 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 business has a 50-day simple moving average of $119.01 and a two-hundred day simple moving average of $108.78.

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, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DIS shares. Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Loop Capital lifted 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, Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.