Richards Merrill & Peterson Inc. Purchases 174 Shares of The Walt Disney Company $DIS

Richards Merrill & Peterson Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the 2nd quarter, Holdings Channel reports. The fund owned 5,069 shares of the entertainment giant’s stock after buying an additional 174 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Walt Disney were worth $629,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. raised its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Kessler Investment Group LLC lifted its position 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 buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $37,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $111.64 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market cap of $200.72 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.48 and a beta of 1.54. The business’s 50 day moving average price is $114.64 and its 200 day moving average price is $111.64.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The company 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 firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. UBS Group upped their target price on 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 Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.