The Walt Disney Company $DIS Position Increased by Monetta Financial Services Inc.

Monetta Financial Services Inc. boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,500 shares of the entertainment giant’s stock after purchasing an additional 2,000 shares during the quarter. Walt Disney makes up approximately 1.8% of Monetta Financial Services Inc.’s holdings, making the stock its 13th largest position. Monetta Financial Services Inc.’s holdings in Walt Disney were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Walt Disney by 2.8% in the first quarter. Wealthfront Advisers LLC now owns 119,115 shares of the entertainment giant’s stock worth $11,757,000 after purchasing an additional 3,298 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in shares of Walt Disney by 4.9% during the first quarter. Sage Mountain Advisors LLC now owns 7,407 shares of the entertainment giant’s stock valued at $731,000 after purchasing an additional 348 shares during the period. Larson Financial Group LLC raised its stake in shares of Walt Disney by 23.7% during the first quarter. Larson Financial Group LLC now owns 20,440 shares of the entertainment giant’s stock valued at $2,017,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in Walt Disney by 16.1% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 22,583 shares of the entertainment giant’s stock valued at $2,229,000 after buying an additional 3,133 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 1.7%

NYSE DIS opened at $116.79 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm’s fifty day simple moving average is $113.25 and its 200-day simple moving average is $114.34. The company has a market capitalization of $209.99 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. The business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DIS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Evercore ISI lifted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.