Jessup Wealth Management Inc Buys New Shares in The Walt Disney Company $DIS

Jessup Wealth Management Inc purchased a new position in The Walt Disney Company (NYSE:DIS) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,777 shares of the entertainment giant’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the first quarter worth approximately $26,000. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $49,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8%

DIS opened at $112.70 on Friday. The firm’s 50 day moving average is $114.12 and its 200-day moving average is $112.88. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.45 and a beta of 1.54.

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, 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the business earned $1.39 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on DIS shares. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Evercore ISI lifted their price target 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. Finally, Barclays boosted 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 Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney 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.