AMI Investment Management Inc. Buys 1,528 Shares of The Walt Disney Company $DIS

AMI Investment Management Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,811 shares of the entertainment giant’s stock after buying an additional 1,528 shares during the period. Walt Disney accounts for about 1.2% of AMI Investment Management Inc.’s investment portfolio, making the stock its 24th largest position. AMI Investment Management Inc.’s holdings in Walt Disney were worth $4,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the second quarter worth $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp increased its position in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after purchasing an additional 717,066 shares during the last quarter. Finally, Amundi increased its position in Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DIS. Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Finally, Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Trading Down 0.6%

NYSE DIS opened at $111.83 on Thursday. The company’s 50-day moving average price is $115.67 and its 200-day moving average price is $110.22. 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 stock has a market cap of $201.06 billion, a PE ratio of 17.53, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.