Schmidt P J Investment Management Inc. lifted its position in Walt Disney Co (NYSE:DIS) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,666 shares of the entertainment giant’s stock after acquiring an additional 4,606 shares during the quarter. Walt Disney accounts for 1.8% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 17th largest position. Schmidt P J Investment Management Inc.’s holdings in Walt Disney were worth $5,984,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Greatmark Investment Partners Inc. lifted its stake in Walt Disney by 2.6% in the 1st quarter. Greatmark Investment Partners Inc. now owns 3,645 shares of the entertainment giant’s stock worth $352,000 after purchasing an additional 93 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Walt Disney by 4.0% during the first quarter. Diversified Trust Co now owns 2,571 shares of the entertainment giant’s stock valued at $248,000 after buying an additional 100 shares during the last quarter. Premier Asset Management LLC grew its stake in shares of Walt Disney by 4.8% in the first quarter. Premier Asset Management LLC now owns 2,165 shares of the entertainment giant’s stock worth $209,000 after acquiring an additional 100 shares during the period. Ellis Investment Partners LLC boosted its stake in shares of Walt Disney by 1.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 5,290 shares of the entertainment giant’s stock worth $597,000 after buying an additional 100 shares during the last quarter. Finally, Winning Points Advisors LLC boosted its holdings in shares of Walt Disney by 2.6% in the first quarter. Winning Points Advisors LLC now owns 3,967 shares of the entertainment giant’s stock worth $383,000 after buying an additional 101 shares during the last quarter. 62.66% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on DIS. Imperial Capital restated a “sell” rating and set a $105.00 target price on shares of Walt Disney in a research report on Monday, June 22nd. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 target price on the stock. in a research report on Monday, April 20th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target for the company. in a research report on Wednesday, June 17th. Finally, Moffett Nathanson cut shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a report on Monday, May 4th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company. Walt Disney has an average rating of “Hold” and a consensus price target of $125.35.

DIS stock opened at $116.94 on Friday. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The stock has a market cap of $208.91 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 13.36 and a beta of 1.10. The business has a fifty day moving average of $115.68 and a two-hundred day moving average of $117.27.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period in the previous year, the business posted $1.61 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walt Disney Co will post 1.38 EPS for the current year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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