Clune & Associates LTD. Takes Position in The Walt Disney Company $DIS

Clune & Associates LTD. acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,879 shares of the entertainment giant’s stock, valued at approximately $233,000.

Several other institutional investors have also added to or reduced their stakes in DIS. Klingman & Associates LLC raised its holdings in Walt Disney by 12.5% during the 2nd quarter. Klingman & Associates LLC now owns 6,694 shares of the entertainment giant’s stock worth $830,000 after purchasing an additional 744 shares during the last quarter. Fairway Wealth LLC increased its position in shares of Walt Disney by 215.9% during the second quarter. Fairway Wealth LLC now owns 477 shares of the entertainment giant’s stock worth $59,000 after buying an additional 326 shares during the period. Princeton Global Asset Management LLC raised its stake in Walt Disney by 42.4% during the second quarter. Princeton Global Asset Management LLC now owns 1,440 shares of the entertainment giant’s stock worth $179,000 after buying an additional 429 shares during the last quarter. Schnieders Capital Management LLC lifted its holdings in Walt Disney by 16.2% in the second quarter. Schnieders Capital Management LLC now owns 17,955 shares of the entertainment giant’s stock valued at $2,227,000 after buying an additional 2,503 shares during the period. Finally, Townsend & Associates Inc boosted its position in Walt Disney by 8.3% during the second quarter. Townsend & Associates Inc now owns 155,799 shares of the entertainment giant’s stock valued at $18,925,000 after acquiring an additional 12,001 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a report on Friday. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Up 1.2%

Walt Disney stock opened at $112.01 on Tuesday. The firm has a market capitalization of $201.39 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The firm’s fifty day moving average price is $114.85 and its two-hundred day moving average price is $111.19. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.