Commonwealth Financial Services LLC Takes $231,000 Position in The Walt Disney Company $DIS

Commonwealth Financial Services LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,866 shares of the entertainment giant’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SPC Financial Inc. raised its holdings in Walt Disney by 3.9% during the second quarter. SPC Financial Inc. now owns 2,691 shares of the entertainment giant’s stock worth $334,000 after acquiring an additional 102 shares in the last quarter. CWM LLC raised its holdings in Walt Disney by 3.7% during the second quarter. CWM LLC now owns 170,690 shares of the entertainment giant’s stock worth $21,167,000 after acquiring an additional 6,051 shares in the last quarter. OFI Invest Asset Management raised its holdings in Walt Disney by 96.8% during the second quarter. OFI Invest Asset Management now owns 16,758 shares of the entertainment giant’s stock worth $2,078,000 after acquiring an additional 8,242 shares in the last quarter. Lodestar Private Asset Management LLC raised its holdings in Walt Disney by 14.0% during the second quarter. Lodestar Private Asset Management LLC now owns 3,632 shares of the entertainment giant’s stock worth $450,000 after acquiring an additional 446 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Walt Disney by 8.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 179,348 shares of the entertainment giant’s stock worth $22,266,000 after acquiring an additional 14,127 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.6%

NYSE DIS opened at $109.17 on Friday. The business’s 50-day moving average price is $115.36 and its two-hundred day moving average price is $110.41. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market capitalization of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

About Walt Disney

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.