Heritage Investors Management Corp Raises Position in The Walt Disney Company $DIS

Heritage Investors Management Corp lifted its stake in The Walt Disney Company (NYSE:DIS) by 0.1% in the 2nd quarter, Holdings Channel reports. The firm owned 406,304 shares of the entertainment giant’s stock after purchasing an additional 439 shares during the quarter. Walt Disney accounts for approximately 1.6% of Heritage Investors Management Corp’s portfolio, making the stock its 16th biggest position. Heritage Investors Management Corp’s holdings in Walt Disney were worth $50,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Brighton Jones LLC lifted its stake in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Walt Disney by 19.7% in the first quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock valued at $713,000 after purchasing an additional 1,188 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of Walt Disney by 2.8% in the first quarter. Ameritas Advisory Services LLC now owns 16,660 shares of the entertainment giant’s stock valued at $1,773,000 after purchasing an additional 457 shares during the period. Mather Group LLC. lifted its stake in shares of Walt Disney by 18.6% in the first quarter. Mather Group LLC. now owns 13,042 shares of the entertainment giant’s stock valued at $1,287,000 after purchasing an additional 2,048 shares during the period. Finally, Harbour Trust & Investment Management Co lifted its stake in shares of Walt Disney by 0.6% in the first quarter. Harbour Trust & Investment Management Co now owns 59,692 shares of the entertainment giant’s stock valued at $5,892,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities restated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a report on Friday, October 17th. Barclays lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Down 1.3%

Shares of NYSE DIS opened at $110.21 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market cap of $198.15 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.46 and a beta of 1.54. 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 stock’s 50-day simple moving average is $114.33 and its 200-day simple moving average is $112.49.

Walt Disney (NYSE:DIS) last issued its 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. 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 company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.