Todays Report: The Jaffetilchin Investment Partners LLC Increases Stake in The Walt Disney Co. (DIS)

The Jaffetilchin Investment Partners LLC Increases Stake in The Walt Disney Co. (DIS)

Jaffetilchin Investment Partners LLC boosted its position in The Walt Disney Co. (NYSE:DIS) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 3,152 shares of the entertainment giant’s stock after buying an additional 4 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in The Walt Disney were worth $308,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Cordasco Financial Network boosted its position in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Opera Trading Capital bought a new position in shares of The Walt Disney during the first quarter worth about $158,000. Springbok Capital Management LLC boosted its position in shares of 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 worth $162,000 after buying an additional 18,835 shares during the last quarter. Gierl Augustine Investment Management Inc boosted its position in shares of 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 worth $193,000 after buying an additional 141 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in shares of The Walt Disney by 11.5% in the first quarter. MCF Advisors LLC now owns 1,999 shares of the entertainment giant’s stock worth $199,000 after buying an additional 206 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.

The Walt Disney Co. (NYSE:DIS) traded up 0.552% during mid-day trading on Wednesday, hitting $93.101. 2,224,664 shares of the company were exchanged. The company’s 50-day moving average is $93.89 and its 200 day moving average is $97.82. The Walt Disney Co. has a 12-month low of $86.25 and a 12-month high of $120.65. The company has a market capitalization of $149.62 billion, a P/E ratio of 16.733 and a beta of 1.25.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. Analysts expect that The Walt Disney Co. will post $5.79 EPS for the current year.

A number of brokerages have recently weighed in on DIS. Credit Agricole SA lowered their price target on The Walt Disney from $115.00 to $108.00 and set an “outperform” rating on the stock in a report on Friday, September 23rd. Brean Capital reiterated a “hold” rating on shares of The Walt Disney in a report on Wednesday, September 28th. Jefferies Group reiterated a “hold” rating on shares of The Walt Disney in a report on Thursday, August 25th. Wells Fargo & Co. downgraded The Walt Disney to a “hold” rating in a report on Thursday, August 25th. Finally, Barclays PLC reiterated an “underweight” rating on shares of The Walt Disney in a report on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $109.71.

About The Walt Disney

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

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