QRG Capital Management Inc. Purchases 19,090 Shares of The Walt Disney Company $DIS

QRG Capital Management Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,154 shares of the entertainment giant’s stock after purchasing an additional 19,090 shares during the period. QRG Capital Management Inc.’s holdings in Walt Disney were worth $22,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Vest Financial LLC raised its stake in shares of Walt Disney by 73.5% during the 1st quarter. Vest Financial LLC now owns 12,996 shares of the entertainment giant’s stock worth $1,283,000 after purchasing an additional 5,507 shares during the period. Curat Global LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $142,000. Eagle Rock Investment Company LLC boosted its holdings in shares of Walt Disney by 0.9% in the 1st quarter. Eagle Rock Investment Company LLC now owns 65,806 shares of the entertainment giant’s stock worth $6,495,000 after buying an additional 615 shares during the last quarter. Finally, Pines Wealth Management LLC grew its position in Walt Disney by 6.4% during the first quarter. Pines Wealth Management LLC now owns 6,114 shares of the entertainment giant’s stock valued at $603,000 after buying an additional 366 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Up 0.3%

DIS stock opened at $112.49 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 capitalization of $202.25 billion, a PE ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a 50-day simple moving average of $116.12 and a two-hundred day simple moving average of $110.02.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.