Sand Hill Global Advisors LLC Grows Stock Position in The Walt Disney Company $DIS

Sand Hill Global Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the entertainment giant’s stock after purchasing an additional 792 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Walt Disney were worth $6,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Clearstead Trust LLC increased its position in shares of Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after purchasing an additional 99 shares during the last quarter. Hemington Wealth Management grew its stake in shares of Walt Disney by 1.9% during the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group grew its stake in shares of Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant’s stock valued at $515,000 after acquiring an additional 106 shares during the period. Leigh Baldwin & CO. LLC grew its stake in shares of Walt Disney by 2.2% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant’s stock valued at $493,000 after acquiring an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC grew its stake in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock valued at $2,578,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.8%

Shares of DIS opened at $115.36 on Monday. The company has a market cap of $207.41 billion, a PE ratio of 18.08, a P/E/G ratio of 1.67 and a beta of 1.56. The business has a fifty day moving average of $119.33 and a 200 day moving average of $108.06. 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.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DIS shares. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, August 7th. Wall Street Zen downgraded Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.18.

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.