Today, Cincinnati Financial Corp invests in The Walt Disney Co. (DIS) Shares

Today, Cincinnati Financial Corp invests in The Walt Disney Co. (DIS) Shares

Cincinnati Financial Corp boosted its stake in shares of The Walt Disney Co. (NYSE:DIS) by 255.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 357,000 shares of the entertainment giant’s stock after buying an additional 256,600 shares during the period. The Walt Disney comprises about 2.0% of Cincinnati Financial Corp’s investment portfolio, making the stock its 22nd largest position. Cincinnati Financial Corp’s holdings in The Walt Disney were worth $34,922,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Cordasco Financial Network increased its stake in The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the last quarter. Opera Trading Capital purchased a new stake in The Walt Disney during the first quarter valued at $158,000. Springbok Capital Management LLC increased its stake in The Walt Disney by 109.5% in the first quarter. Springbok Capital Management LLC now owns 1,635 shares of the entertainment giant’s stock valued at $162,000 after buying an additional 18,835 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in The Walt Disney by 23.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,665 shares of the entertainment giant’s stock valued at $162,000 after buying an additional 317 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc increased its stake in The Walt Disney by 7.7% in the second quarter. Gierl Augustine Investment Management Inc now owns 1,976 shares of the entertainment giant’s stock valued at $193,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

The Walt Disney Co. (NYSE:DIS) opened at 90.83 on Tuesday. The firm’s 50 day moving average price is $92.79 and its 200 day moving average price is $97.42. The stock has a market cap of $145.97 billion, a price-to-earnings ratio of 16.32 and a beta of 1.25. The Walt Disney Co. has a one year low of $86.25 and a one year high of $120.65.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, topping the consensus estimate of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. Equities analysts forecast that The Walt Disney Co. will post $5.78 earnings per share for the current year.

Several analysts have weighed in on the company. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday, September 4th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $120.00 price objective on shares of The Walt Disney in a report on Monday, August 8th. Barclays PLC reissued an “underweight” rating on shares of The Walt Disney in a report on Friday, September 30th. Jefferies Group reissued a “hold” rating and issued a $92.00 price objective on shares of The Walt Disney in a report on Thursday, September 22nd. Finally, Stifel Nicolaus cut The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a report on Wednesday, July 20th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $109.40.

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