Creekmur Asset Management LLC Raises Stake in The Walt Disney Company $DIS

Creekmur Asset Management LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 43.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,969 shares of the entertainment giant’s stock after purchasing an additional 2,697 shares during the quarter. Creekmur Asset Management LLC’s holdings in Walt Disney were worth $1,112,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. boosted its holdings in Walt Disney by 82.5% in 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 period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the 1st quarter worth approximately $26,000. Harbor Asset Planning Inc. purchased a new position in Walt Disney in the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC purchased a new position in Walt Disney in the 2nd quarter worth approximately $49,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Walt Disney by 41.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $111.78 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $200.97 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.45 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 stock has a 50 day moving average of $114.24 and a 200-day moving average of $112.49.

Walt Disney (NYSE:DIS) last posted its quarterly 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. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. UBS Group upped their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.