Howard Capital Management Inc. Buys 1,210 Shares of The Walt Disney Company $DIS

Howard Capital Management Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,624 shares of the entertainment giant’s stock after acquiring an additional 1,210 shares during the quarter. Howard Capital Management Inc.’s holdings in Walt Disney were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. raised its position in shares of 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 in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney in the 2nd quarter worth about $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney in the 2nd quarter worth about $49,000. Finally, Core Alternative Capital raised its position in shares of Walt Disney by 71.0% in the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several research analyst reports. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

NYSE DIS opened at $111.71 on Wednesday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. 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 firm has a market cap of $200.85 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.47 and a beta of 1.54. The company has a fifty day moving average price of $114.47 and a 200-day moving average price of $112.32.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS 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.