Smith Group Asset Management LLC Takes $28.20 Million Position in The Walt Disney Company $DIS

Smith Group Asset Management LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent filing with the SEC. The fund purchased 227,361 shares of the entertainment giant’s stock, valued at approximately $28,195,000. Walt Disney comprises 1.8% of Smith Group Asset Management LLC’s portfolio, making the stock its 25th biggest position.

A number of other institutional investors have also made changes to their positions in the company. FSM Wealth Advisors LLC increased its holdings in shares of Walt Disney by 71.3% in the 2nd quarter. FSM Wealth Advisors LLC now owns 4,546 shares of the entertainment giant’s stock valued at $560,000 after acquiring an additional 1,892 shares during the last quarter. KPP Advisory Services LLC grew its stake in Walt Disney by 7.5% during the 2nd quarter. KPP Advisory Services LLC now owns 15,730 shares of the entertainment giant’s stock worth $1,951,000 after buying an additional 1,095 shares during the last quarter. Roman Butler Fullerton & Co. bought a new position in Walt Disney during the 2nd quarter worth $228,000. Cornerstone Advisory LLC grew its stake in Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after buying an additional 86 shares during the last quarter. Finally, Prosperity Financial Group Inc. bought a new position in Walt Disney during the 2nd quarter worth $202,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.0%

Shares of Walt Disney stock opened at $113.04 on Friday. 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 $203.24 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The business has a fifty day simple moving average of $114.72 and a 200-day simple moving average of $111.43. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on DIS shares. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney 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.