Brookstone Capital Management Purchases 4,913 Shares of The Walt Disney Company $DIS

Brookstone Capital Management lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,563 shares of the entertainment giant’s stock after buying an additional 4,913 shares during the quarter. Brookstone Capital Management’s holdings in Walt Disney were worth $14,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. increased its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter worth approximately $37,000. Finally, RMG Wealth Management LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $49,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $114.32 on Wednesday. The stock’s fifty day moving average is $114.86 and its two-hundred day moving average is $111.21. 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 company has a market capitalization of $205.54 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 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 earnings per share for the quarter, beating 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 net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue for the quarter 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, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Finally, Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.