Crescent Sterling Ltd. Invests $221,000 in The Walt Disney Company $DIS

Crescent Sterling Ltd. acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,784 shares of the entertainment giant’s stock, valued at approximately $221,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its stake in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. Golden State Wealth Management LLC grew its stake in Walt Disney by 19.7% in the 1st quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock worth $713,000 after acquiring an additional 1,188 shares during the period. Private Trust Co. NA grew its stake in Walt Disney by 4.4% in the 1st quarter. Private Trust Co. NA now owns 13,319 shares of the entertainment giant’s stock worth $1,315,000 after acquiring an additional 567 shares during the period. First Horizon Advisors Inc. grew its stake in Walt Disney by 4.8% in the 1st quarter. First Horizon Advisors Inc. now owns 20,367 shares of the entertainment giant’s stock worth $2,010,000 after acquiring an additional 940 shares during the period. Finally, Goelzer Investment Management Inc. grew its stake in Walt Disney by 3.6% in the 1st quarter. Goelzer Investment Management Inc. now owns 31,527 shares of the entertainment giant’s stock worth $3,112,000 after acquiring an additional 1,096 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $112.70 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 firm has a market capitalization of $202.63 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54. The firm’s fifty day simple moving average is $114.12 and its 200 day simple moving average is $112.68. The Walt Disney Company has a twelve month low of $80.10 and a twelve month 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 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 net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. 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, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.