Keynote Financial Services LLC Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Keynote Financial Services LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,120 shares of the entertainment giant’s stock after acquiring an additional 373 shares during the period. Keynote Financial Services LLC’s holdings in Walt Disney were worth $877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors lifted its stake in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB acquired a new position in shares of Walt Disney during the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney in the second quarter valued at approximately $355,673,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Walt Disney in the first quarter worth approximately $425,567,000. Finally, International Assets Investment Management LLC increased its position in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.94 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $179.44 billion, a P/E ratio of 38.05, a P/E/G ratio of 1.52 and a beta of 1.40. The firm’s 50 day moving average price is $93.54 and its 200-day moving average price is $97.12. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DIS. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Company 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.