CWA Asset Management Group LLC Invests $2.94 Million in The Walt Disney Company (NYSE:DIS)

CWA Asset Management Group LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,589 shares of the entertainment giant’s stock, valued at approximately $2,942,000.

A number of other hedge funds have also modified their holdings of DIS. Capital Performance Advisors LLP purchased a new stake in Walt Disney in the 3rd quarter worth approximately $172,000. Granite Group Advisors LLC grew its stake in Walt Disney by 47.7% in the 3rd quarter. Granite Group Advisors LLC now owns 739,835 shares of the entertainment giant’s stock worth $71,165,000 after acquiring an additional 238,893 shares during the period. Reik & CO. LLC grew its stake in Walt Disney by 124.8% in the 3rd quarter. Reik & CO. LLC now owns 8,613 shares of the entertainment giant’s stock worth $828,000 after acquiring an additional 4,781 shares during the period. Summit Global Investments grew its stake in Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after acquiring an additional 10,230 shares during the period. Finally, Smith Thornton Advisors LLC grew its stake in Walt Disney by 11.7% in the 3rd quarter. Smith Thornton Advisors LLC now owns 9,241 shares of the entertainment giant’s stock worth $889,000 after acquiring an additional 967 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.02 on Friday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The company’s fifty day moving average price is $93.90 and its two-hundred day moving average price is $97.05.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

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.