JB Capital LLC Boosts Holdings in The Walt Disney Company (NYSE:DIS)

JB Capital LLC increased its position in The Walt Disney Company (NYSE:DIS) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,966 shares of the entertainment giant’s stock after purchasing an additional 2,022 shares during the period. JB Capital LLC’s holdings in Walt Disney were worth $5,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank boosted its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Price Performance

Walt Disney stock traded down $0.03 during mid-day trading on Thursday, reaching $98.86. 1,078,751 shares of the company’s stock traded hands, compared to its average volume of 10,707,385. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $93.54 and a two-hundred day moving average of $97.12. The company has a market cap of $179.29 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $23.08 billion. During the same period in the prior year, the company earned $1.03 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.93 earnings per share 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.