QRG Capital Management Inc. Acquires 19,090 Shares of The Walt Disney Company $DIS

QRG Capital Management Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,154 shares of the entertainment giant’s stock after acquiring an additional 19,090 shares during the quarter. QRG Capital Management Inc.’s holdings in Walt Disney were worth $22,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares during the last quarter. Vest Financial LLC grew its position in Walt Disney by 73.5% in the first quarter. Vest Financial LLC now owns 12,996 shares of the entertainment giant’s stock worth $1,283,000 after acquiring an additional 5,507 shares in the last quarter. Curat Global LLC bought a new position in Walt Disney in the first quarter valued at $142,000. Eagle Rock Investment Company LLC raised its position in Walt Disney by 0.9% during the first quarter. Eagle Rock Investment Company LLC now owns 65,806 shares of the entertainment giant’s stock valued at $6,495,000 after purchasing an additional 615 shares in the last quarter. Finally, Pines Wealth Management LLC lifted its stake in Walt Disney by 6.4% during the first quarter. Pines Wealth Management LLC now owns 6,114 shares of the entertainment giant’s stock worth $603,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.3%

Shares of Walt Disney stock opened at $112.49 on Friday. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market cap of $202.25 billion, a P/E ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. The company’s fifty day simple moving average is $116.12 and its two-hundred day simple moving average is $110.02.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate 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 posted $1.39 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DIS shares. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities increased their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, 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 report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and nine 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 $131.18.

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.