Access Investment Management LLC Takes $809,000 Position in The Walt Disney Company $DIS

Access Investment Management LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 6,527 shares of the entertainment giant’s stock, valued at approximately $809,000.

A number of other institutional investors have also added to or reduced their stakes in DIS. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Walt Disney by 0.3% during the first quarter. OneDigital Investment Advisors LLC now owns 40,717 shares of the entertainment giant’s stock valued at $4,019,000 after buying an additional 129 shares during the period. Capital Investment Advisory Services LLC lifted its position in Walt Disney by 10.8% during the first quarter. Capital Investment Advisory Services LLC now owns 13,318 shares of the entertainment giant’s stock valued at $1,315,000 after purchasing an additional 1,295 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Walt Disney during the 1st quarter valued at $109,000. Finally, World Investment Advisors boosted its position in Walt Disney by 7.9% during the 1st quarter. World Investment Advisors now owns 76,292 shares of the entertainment giant’s stock valued at $7,530,000 after buying an additional 5,614 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on DIS shares. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Finally, Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

Walt Disney stock opened at $112.70 on Monday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54. 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 firm has a fifty day moving average of $114.12 and a 200-day moving average of $113.09.

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, topping the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. As a group, analysts predict that The Walt Disney Company will post 5.47 EPS 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.