United Asset Strategies Inc. Buys 2,166 Shares of The Walt Disney Company $DIS

Key Points

• United Asset Strategies Inc. increased its holdings in The Walt Disney Company by 3.6%, acquiring an additional 2,166 shares during the first quarter, bringing their total to 62,959 shares valued at approximately $6.21 million.
• Walt Disney reported an earnings per share (EPS) of $1.61 for the latest quarter, exceeding analyst expectations, while revenue was reported at $23.65 billion, slightly below projections.
• Several analysts have raised their price targets for Walt Disney, with Morgan Stanley increasing it from $120.00 to $140.00, reflecting a positive outlook for the company's stock.

United Asset Strategies Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,959 shares of the entertainment giant's stock after acquiring an additional 2,166 shares during the period. United Asset Strategies Inc.'s holdings in Walt Disney were worth $6,214,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney during the fourth quarter valued at $27,000. Kessler Investment Group LLC grew 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 in the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $116.9360 on Thursday. The firm has a market capitalization of $210.24 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock's 50-day simple moving average is $119.25 and its 200-day simple moving average is $108.20.

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 (EPS) for the quarter, beating 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 business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DIS shares. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

About Walt Disney

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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