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

JB Capital LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 53,966 shares of the entertainment giant’s stock after acquiring 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 quarter.

Other hedge funds have also recently made changes to their positions in the company. Olstein Capital Management L.P. grew its stake in Walt Disney by 31.9% in the 3rd quarter. Olstein Capital Management L.P. now owns 157,000 shares of the entertainment giant’s stock worth $15,102,000 after acquiring an additional 38,000 shares in the last quarter. Washington Trust Bank boosted its holdings in shares of Walt Disney by 2.5% in the third quarter. Washington Trust Bank now owns 127,232 shares of the entertainment giant’s stock valued at $12,238,000 after purchasing an additional 3,106 shares during the period. Montecito Bank & Trust grew its stake in Walt Disney by 34.8% in the third quarter. Montecito Bank & Trust now owns 24,197 shares of the entertainment giant’s stock worth $2,328,000 after purchasing an additional 6,247 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in Walt Disney by 6.5% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 12,380 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 754 shares during the period. Finally, Cozad Asset Management Inc. raised its position in Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on DIS shares. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Performance

Walt Disney stock traded down $0.03 during mid-day trading on Thursday, reaching $98.86. 1,078,751 shares of the company traded hands, compared to its average volume of 10,707,385. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm’s fifty day moving average is $93.54 and its two-hundred day moving average is $97.12. 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 company has a market capitalization of $179.29 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40.

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

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.