Wallington Asset Management LLC Boosts Stock Position in The Walt Disney Company $DIS

Wallington Asset Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,527 shares of the entertainment giant’s stock after buying an additional 1,254 shares during the quarter. Wallington Asset Management LLC’s holdings in Walt Disney were worth $6,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. J. Safra Sarasin Holding AG increased its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new stake in shares of Walt Disney during the first quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney during the second quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC increased its position in shares of Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares in the last quarter. Finally, WoodTrust Financial Corp increased its position in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DIS. Rosenblatt Securities upped their target price on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Evercore ISI upped their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Finally, Citigroup upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Performance

NYSE DIS opened at $112.49 on Friday. The stock has a market cap of $202.25 billion, a PE ratio of 17.63, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a fifty day simple moving average of $116.12 and a 200-day simple moving average of $109.95.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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.