WealthPlan Investment Management LLC Takes $304,000 Position in The Walt Disney Company $DIS

Key Points

• WealthPlan Investment Management LLC has acquired a $304,000 stake in The Walt Disney Company, purchasing 2,454 shares during the 2nd quarter.
• Analysts have mixed ratings for Disney, with 19 ratings as "Buy", 8 as "Hold", and recent reports indicating a target price increase to $140.00.
• The Walt Disney Company reported earnings of $1.61 per share for its last quarter, slightly beating analysts' expectations, with revenues totaling $23.65 billion.

WealthPlan Investment Management LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,454 shares of the entertainment giant's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% in 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. First PREMIER Bank grew its stake in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in Walt Disney in the second quarter worth $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the topic of several analyst reports. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Up 0.7%

Shares of NYSE:DIS opened at $110.69 on Friday. The company has a market cap of $199.00 billion, a P/E ratio of 17.35, a PEG ratio of 1.44 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock's fifty day moving average price is $114.86 and its 200-day moving average price is $110.75.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly 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 firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share 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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