The Walt Disney Company $DIS Position Increased by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. raised its position in The Walt Disney Company (NYSE:DIS) by 96.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763 shares of the entertainment giant’s stock after purchasing an additional 374 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Walt Disney were worth $95,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the first quarter valued at approximately $26,000. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. First PREMIER Bank boosted its holdings in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Capitol Family Office Inc. acquired a new position in Walt Disney during the first quarter worth $52,000. Finally, Core Alternative Capital increased its position in Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after buying an additional 225 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on DIS shares. Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Barclays increased their price target on 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 issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $113.46 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $203.99 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The firm has a fifty day moving average price of $116.96 and a two-hundred day moving average price of $109.61. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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.