Verde Servicos Internacionais S.A. Takes Position in The Walt Disney Company $DIS

Key Points

• Verde Servicos Internacionais S.A. acquired 74,308 shares of The Walt Disney Company, valued at approximately $9.2 million, making Disney its 8th largest holding.
• Walt Disney reported earnings of $1.61 per share, exceeding estimates, with a quarterly revenue of $23.65 billion, marking a 2.1% year-over-year increase.
• Analysts maintain a generally positive outlook with 19 "buy" ratings, while the stock has an average target price of $131.18.

Verde Servicos Internacionais S.A. acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 74,308 shares of the entertainment giant's stock, valued at approximately $9,215,000. Walt Disney comprises approximately 4.0% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after acquiring an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the first quarter valued at $26,000. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the second quarter worth $49,000. Finally, Wolff Wiese Magana LLC grew its stake in shares of Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock worth $57,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Walt Disney in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

Shares of DIS opened at $110.91 on Friday. The firm has a market cap of $199.41 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The business's 50 day moving average price is $115.51 and its two-hundred day moving average price is $110.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) 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 the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.

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