Valeo Financial Advisors LLC Grows Position in The Walt Disney Company $DIS

Key Points

• Valeo Financial Advisors LLC increased its stake in The Walt Disney Company by 5.2%, acquiring a total of 106,183 shares valued at approximately $13 million.
• Several institutional investors, including Plimoth Trust Co. LLC and Beacon Financial Advisory LLC, have also boosted their holdings in Disney, indicating increased institutional confidence in the company.
• The Walt Disney Company reported earnings of $1.61 per share, surpassing estimates and reflecting a 2.1% increase in revenue compared to the previous year.

Valeo Financial Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,183 shares of the entertainment giant's stock after purchasing an additional 5,258 shares during the period. Valeo Financial Advisors LLC's holdings in Walt Disney were worth $13,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Plimoth Trust Co. LLC boosted its holdings in Walt Disney by 7.0% in the 2nd quarter. Plimoth Trust Co. LLC now owns 28,231 shares of the entertainment giant's stock worth $3,501,000 after buying an additional 1,855 shares during the period. DAVENPORT & Co LLC grew its position in shares of Walt Disney by 1.1% in the second quarter. DAVENPORT & Co LLC now owns 175,999 shares of the entertainment giant's stock valued at $21,824,000 after purchasing an additional 1,831 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Walt Disney by 11.3% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,094 shares of the entertainment giant's stock valued at $508,000 after purchasing an additional 415 shares during the period. Beacon Financial Advisory LLC boosted its stake in Walt Disney by 18.7% in the 2nd quarter. Beacon Financial Advisory LLC now owns 10,695 shares of the entertainment giant's stock worth $1,326,000 after purchasing an additional 1,688 shares during the period. Finally, Marietta Wealth Management LLC grew its holdings in Walt Disney by 3.6% during the 2nd quarter. Marietta Wealth Management LLC now owns 50,348 shares of the entertainment giant's stock valued at $6,244,000 after buying an additional 1,763 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.3%

Shares of DIS stock opened at $112.49 on Monday. The business has a 50-day moving average price of $116.12 and a two-hundred day moving average price of $110.10. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 firm has a market cap of $202.25 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for 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 revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Evercore ISI upped their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price 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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