Eads & Heald Wealth Management Grows Position in The Walt Disney Company $DIS

Eads & Heald Wealth Management increased its holdings in The Walt Disney Company (NYSE:DIS) by 5.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,686 shares of the entertainment giant’s stock after purchasing an additional 536 shares during the period. Eads & Heald Wealth Management’s holdings in Walt Disney were worth $1,325,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DIS. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the 2nd quarter valued at $4,220,599,000. Nuveen LLC purchased a new position in shares of Walt Disney in the 1st quarter worth $1,353,607,000. Diamond Hill Capital Management Inc. grew its holdings in shares of 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 worth $277,993,000 after acquiring an additional 2,578,004 shares during the period. Vanguard Group Inc. increased its position in Walt Disney by 1.6% during 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 acquiring an additional 2,446,087 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after acquiring an additional 1,642,907 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. 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 report on Wednesday, July 9th. Finally, Morgan Stanley boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

NYSE DIS opened at $112.49 on Monday. The business has a 50 day simple moving average of $116.12 and a two-hundred day simple moving average of $110.10. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 stock has a market capitalization of $202.25 billion, a PE ratio of 17.63, a P/E/G ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Walt Disney’s revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.