FNY Investment Advisers LLC Purchases 2,668 Shares of The Walt Disney Company $DIS

FNY Investment Advisers LLC increased its position in The Walt Disney Company (NYSE:DIS) by 33.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,541 shares of the entertainment giant’s stock after buying an additional 2,668 shares during the quarter. FNY Investment Advisers LLC’s holdings in Walt Disney were worth $1,307,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DIS. Kondo Wealth Advisors Inc. boosted its holdings in shares of Walt Disney by 1.2% during the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after purchasing an additional 84 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares during the last quarter. Apollon Financial LLC lifted its holdings in shares of Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after acquiring an additional 87 shares during the last quarter. Finally, Community Bank N.A. lifted its holdings in shares of Walt Disney by 0.4% in the 2nd quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant’s stock valued at $2,858,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. 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. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Guggenheim increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Performance

Walt Disney stock opened at $114.32 on Wednesday. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $205.54 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The company’s 50-day moving average is $114.86 and its 200 day moving average is $111.21.

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