Madison Wealth Partners Inc Takes Position in The Walt Disney Company $DIS

Madison Wealth Partners Inc acquired a new position in The Walt Disney Company (NYSE:DIS) during the second quarter, HoldingsChannel.com reports. The fund acquired 1,867 shares of the entertainment giant’s stock, valued at approximately $231,000.

Other institutional investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter worth $26,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in Walt Disney during the second quarter worth $37,000. Finally, RMG Wealth Management LLC bought a new position in Walt Disney during the second quarter worth $49,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 0.7%

DIS opened at $110.69 on Monday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 company has a market cap of $199.00 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a fifty day moving average price of $114.86 and a two-hundred day moving average price of $110.99.

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, beating 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 firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their target price 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. Finally, Rosenblatt Securities reissued a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research note on Friday. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.