Ashton Thomas Private Wealth LLC Increases Stock Position in The Walt Disney Company $DIS

Ashton Thomas Private Wealth LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 10.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,422 shares of the entertainment giant’s stock after buying an additional 2,136 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Walt Disney were worth $2,213,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Walt Disney in the first quarter valued at approximately $1,353,607,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after purchasing an additional 2,578,004 shares during the period. Vanguard Group Inc. grew its holdings in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant’s stock valued at $241,884,000 after purchasing an additional 2,427,728 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

DIS stock opened at $117.43 on Wednesday. The business has a fifty day moving average of $118.78 and a two-hundred day moving average of $108.90. 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 stock has a market cap of $211.13 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.