Freestone Capital Holdings LLC Buys 3,270 Shares of The Walt Disney Company $DIS

Freestone Capital Holdings LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 10.3% during the 2nd quarter, Holdings Channel reports. The firm owned 35,061 shares of the entertainment giant’s stock after buying an additional 3,270 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Walt Disney were worth $4,348,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DIS. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the 2nd quarter valued at about $4,220,599,000. Nuveen LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. lifted its position in Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. lifted its position in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Walt Disney by 9.4% during the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after acquiring an additional 1,774,772 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $112.70 on Monday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The firm has a 50-day moving average price of $114.12 and a two-hundred day moving average price of $113.09. 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 released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. As a group, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

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.