D.A. Davidson & CO. Acquires 16,737 Shares of The Walt Disney Company $DIS

D.A. Davidson & CO. boosted its holdings in The Walt Disney Company (NYSE:DIS) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 306,439 shares of the entertainment giant’s stock after purchasing an additional 16,737 shares during the period. D.A. Davidson & CO.’s holdings in Walt Disney were worth $38,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $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 about $26,000. Kessler Investment Group LLC raised its stake 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 valued at $27,000 after acquiring an additional 200 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the second quarter valued at about $37,000. Finally, RMG Wealth Management LLC bought a new position in shares of Walt Disney during the second quarter valued at about $49,000. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Guggenheim increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Finally, Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

DIS stock opened at $114.32 on Wednesday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market cap of $205.54 billion, a P/E ratio of 17.92, a PEG ratio of 1.47 and a beta of 1.54. The firm has a 50-day moving average of $114.86 and a 200 day moving average of $111.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. On average, sell-side analysts forecast 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.