Hamilton Wealth LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Hamilton Wealth LLC purchased a new stake in The Walt Disney Company (NYSE:DISGet Rating) during the second quarter, according to its most recent filing with the SEC. The firm purchased 41,420 shares of the entertainment giant’s stock, valued at approximately $3,910,000. Walt Disney accounts for 1.5% of Hamilton Wealth LLC’s portfolio, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Summit Global Investments grew its stake in Walt Disney by 21.1% during the 4th quarter. Summit Global Investments now owns 4,078 shares of the entertainment giant’s stock worth $632,000 after buying an additional 711 shares during the last quarter. ETF Managers Group LLC grew its stake in Walt Disney by 4.9% during the 4th quarter. ETF Managers Group LLC now owns 3,699 shares of the entertainment giant’s stock worth $577,000 after buying an additional 174 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Walt Disney during the 4th quarter worth about $2,932,000. Partners Capital Investment Group LLP lifted its position in Walt Disney by 33.8% during the 4th quarter. Partners Capital Investment Group LLP now owns 27,730 shares of the entertainment giant’s stock worth $4,295,000 after acquiring an additional 7,009 shares during the period. Finally, IHT Wealth Management LLC lifted its position in Walt Disney by 2.2% during the 4th quarter. IHT Wealth Management LLC now owns 37,247 shares of the entertainment giant’s stock worth $5,769,000 after acquiring an additional 799 shares during the period. 61.37% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $102.16 on Friday. The stock’s 50-day moving average is $110.43 and its two-hundred day moving average is $113.15. The firm has a market cap of $186.24 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $179.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter last year, the company posted $0.80 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DIS shares. Rosenblatt Securities lifted their price target on Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Morgan Stanley decreased their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. StockNews.com raised Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Citigroup reduced their price target on Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Finally, Credit Suisse Group dropped their price target on Walt Disney from $170.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

About Walt Disney

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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