Arkfeld Wealth Strategies L.L.C. Makes New Investment in Walt Disney Co (NYSE:DIS)

Arkfeld Wealth Strategies L.L.C. purchased a new position in Walt Disney Co (NYSE:DIS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,067 shares of the entertainment giant’s stock, valued at approximately $230,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Monte Financial Group LLC increased its position in shares of Walt Disney by 5.5% in the second quarter. Monte Financial Group LLC now owns 8,454 shares of the entertainment giant’s stock valued at $943,000 after acquiring an additional 437 shares during the period. Jaffetilchin Investment Partners LLC increased its position in shares of Walt Disney by 71.8% in the second quarter. Jaffetilchin Investment Partners LLC now owns 7,647 shares of the entertainment giant’s stock valued at $853,000 after acquiring an additional 3,195 shares during the period. Tower View Investment Management & Research LLC increased its position in shares of Walt Disney by 4.7% in the second quarter. Tower View Investment Management & Research LLC now owns 20,732 shares of the entertainment giant’s stock valued at $2,312,000 after acquiring an additional 927 shares during the period. NN Investment Partners Holdings N.V. increased its position in shares of Walt Disney by 3.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 375,301 shares of the entertainment giant’s stock valued at $41,850,000 after acquiring an additional 11,578 shares during the period. Finally, Lakeview Capital Partners LLC increased its position in shares of Walt Disney by 12.8% in the second quarter. Lakeview Capital Partners LLC now owns 12,347 shares of the entertainment giant’s stock valued at $1,377,000 after acquiring an additional 1,404 shares during the period. Hedge funds and other institutional investors own 62.66% of the company’s stock.

DIS has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research report on Friday, June 26th. 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 research report on Monday, May 4th. Imperial Capital reiterated a “sell” rating and set a $105.00 price target on shares of Walt Disney in a research report on Monday, June 22nd. UBS Group reiterated a “hold” rating and set a $126.00 price target on shares of Walt Disney in a research report on Thursday, June 25th. Finally, Macquarie reiterated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research report on Friday, June 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $128.37.

Walt Disney stock traded up $3.21 during midday trading on Thursday, reaching $130.82. 27,163,496 shares of the company traded hands, compared to its average volume of 17,245,863. The firm has a market capitalization of $235.05 billion, a price-to-earnings ratio of -211.00, a price-to-earnings-growth ratio of 13.54 and a beta of 1.10. The business has a 50 day moving average of $115.85 and a two-hundred day moving average of $116.58. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.72. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $12.48 billion. Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.51%. The firm’s revenue for the quarter was down 41.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 earnings per share. As a group, equities analysts forecast that Walt Disney Co will post 1.38 EPS for the current year.

Walt Disney Company Profile

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.

Recommended Story: How to read a candlestick chart

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.