Syverson Strege & Co Makes New Investment in The Walt Disney Company $DIS

Syverson Strege & Co purchased a new position in The Walt Disney Company (NYSE:DIS) in the second quarter, HoldingsChannel.com reports. The firm purchased 2,602 shares of the entertainment giant’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. J. Safra Sarasin Holding AG grew 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 about $326,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney during the second quarter worth about $4,220,599,000. Wedge Capital Management L L P NC grew 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, Lodge Hill Capital LLC purchased a new stake in shares of Walt Disney during the first quarter worth about $24,373,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $112.70 on Friday. The firm has a market capitalization of $202.63 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The business has a 50 day simple moving average of $114.12 and a 200-day simple moving average of $112.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DIS shares. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company 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.