Turtle Creek Wealth Advisors LLC Invests $644,000 in The Walt Disney Company $DIS

Key Points

• Turtle Creek Wealth Advisors LLC has invested approximately $644,000 in The Walt Disney Company by purchasing 5,191 shares during the 2nd quarter.
• Institutional investors currently own 65.71% of Walt Disney's stock, indicating strong confidence from large financial entities.
• Despite a recent downtrend, Walt Disney's stock has an average rating of "Moderate Buy" with a price target of $132.90 from analysts.

Turtle Creek Wealth Advisors LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,191 shares of the entertainment giant's stock, valued at approximately $644,000.

Several other hedge funds have also made changes to their positions in the business. Physician Wealth Advisors Inc. grew its stake in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after buying an additional 87 shares during the last quarter. Childress Capital Advisors LLC grew its stake in Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after buying an additional 87 shares during the last quarter. Apollon Financial LLC grew its stake in Walt Disney by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock worth $755,000 after buying an additional 87 shares during the last quarter. Community Bank N.A. grew its stake in Walt Disney by 0.4% during the 2nd quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant's stock worth $2,858,000 after buying an additional 89 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in Walt Disney by 9.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DIS. Weiss Ratings restated a "hold (c+)" rating on shares of Walt Disney in a research note on Wednesday, October 8th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group increased their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Down 1.7%

Shares of DIS stock opened at $109.82 on Friday. The stock has a 50-day simple moving average of $114.89 and a 200 day simple moving average of $110.66. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market capitalization of $197.45 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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. 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 during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter last year, the business posted $1.39 earnings per share. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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