The Walt Disney Company $DIS Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 1.7% in the first quarter, Holdings Channel.com reports. The fund owned 34,580 shares of the entertainment giant’s stock after acquiring an additional 564 shares during the quarter. Jacobi Capital Management LLC’s holdings in Walt Disney were worth $3,413,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Clearstead Trust LLC raised its holdings in shares of Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after acquiring an additional 99 shares during the last quarter. Aspen Investment Management Inc increased its holdings in shares of Walt Disney by 3.5% in the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 100 shares during the last quarter. Hemington Wealth Management increased its holdings in shares of Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after purchasing an additional 105 shares during the last quarter. Leigh Baldwin & CO. LLC increased its holdings in shares of Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant’s stock valued at $493,000 after purchasing an additional 108 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock valued at $2,578,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $115.91 on Thursday. The business has a fifty day moving average of $118.64 and a two-hundred day moving average of $108.95. 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 stock has a market cap of $208.40 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen cut Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.18.

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.