McGinn Penninger Investment Management Inc. Has $6.67 Million Stock Holdings in The Walt Disney Company $DIS

McGinn Penninger Investment Management Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 53,774 shares of the entertainment giant’s stock after buying an additional 2,042 shares during the quarter. Walt Disney comprises 4.2% of McGinn Penninger Investment Management Inc.’s portfolio, making the stock its 6th biggest position. McGinn Penninger Investment Management Inc.’s holdings in Walt Disney were worth $6,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Kondo Wealth Advisors Inc. raised its position in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after purchasing an additional 84 shares during the last quarter. Cornerstone Advisory LLC raised its position in Walt Disney by 1.5% in the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 86 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Walt Disney by 3.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after purchasing an additional 87 shares during the last quarter. Childress Capital Advisors LLC raised its position in Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares during the last quarter. Finally, Apollon Financial LLC raised its position in Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DIS shares. 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 report on Wednesday, July 9th. Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup upped their target price 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. Finally, 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. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Price Performance

Shares of DIS stock opened at $112.14 on Tuesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $201.62 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. 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 fifty day moving average of $114.01 and a 200-day moving average of $113.28.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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 company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. On average, 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.