Summit Place Financial Advisors LLC Has $4.13 Million Stock Position in The Walt Disney Company $DIS

Summit Place Financial Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,279 shares of the entertainment giant’s stock after purchasing an additional 111 shares during the quarter. Walt Disney makes up approximately 2.1% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 12th largest position. Summit Place Financial Advisors LLC’s holdings in Walt Disney were worth $4,127,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Aberdeen Group plc boosted its holdings in shares of Walt Disney by 4.9% during the second quarter. Aberdeen Group plc now owns 1,653,741 shares of the entertainment giant’s stock worth $203,997,000 after purchasing an additional 76,529 shares during the period. Agate Pass Investment Management LLC boosted its holdings in shares of Walt Disney by 18.4% during the second quarter. Agate Pass Investment Management LLC now owns 15,993 shares of the entertainment giant’s stock worth $1,983,000 after purchasing an additional 2,486 shares during the period. Davis Rea LTD. boosted its holdings in shares of Walt Disney by 3.4% during the second quarter. Davis Rea LTD. now owns 31,863 shares of the entertainment giant’s stock worth $3,967,000 after purchasing an additional 1,051 shares during the period. First Fiduciary Investment Counsel Inc. boosted its holdings in shares of Walt Disney by 39.6% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 127,112 shares of the entertainment giant’s stock worth $15,763,000 after purchasing an additional 36,087 shares during the period. Finally, Blue Zone Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 1.6% during the second quarter. Blue Zone Wealth Advisors LLC now owns 45,872 shares of the entertainment giant’s stock worth $5,689,000 after purchasing an additional 702 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI raised their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Morgan Stanley raised their price objective 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. Finally, UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Trading Down 1.6%

NYSE:DIS opened at $109.17 on Friday. 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 cap of $196.27 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.46 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 company’s 50 day moving average is $115.36 and its 200-day moving average is $110.34.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.