Goldstone Financial Group LLC Acquires 1,612 Shares of The Walt Disney Company $DIS

Goldstone Financial Group LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 32.5% in the second quarter, HoldingsChannel.com reports. The firm owned 6,565 shares of the entertainment giant’s stock after purchasing an additional 1,612 shares during the quarter. Goldstone Financial Group LLC’s holdings in Walt Disney were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the 1st quarter valued at about $26,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management bought a new stake in Walt Disney in the 4th quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.9%

Shares of NYSE DIS opened at $116.02 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a 50 day moving average price of $118.34 and a two-hundred day moving average price of $108.99. The stock has a market cap of $208.60 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the prior year, the company posted $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities boosted their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.