Uptick Partners LLC Makes New Investment in The Walt Disney Company $DIS

Uptick Partners LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,183 shares of the entertainment giant’s stock, valued at approximately $271,000.

Other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the first quarter worth $26,000. Kessler Investment Group LLC lifted its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the period. RMG Wealth Management LLC purchased a new stake in Walt Disney during the second quarter worth $49,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Performance

Shares of DIS stock opened at $111.74 on Thursday. The firm has a market capitalization of $200.90 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. 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 business has a fifty day moving average of $114.96 and a 200 day moving average of $110.58. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last issued its 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. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. As a group, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.