Reik & CO. LLC Has $828,000 Holdings in The Walt Disney Company (NYSE:DIS)

Reik & CO. LLC raised its position in The Walt Disney Company (NYSE:DIS) by 124.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,613 shares of the entertainment giant’s stock after acquiring an additional 4,781 shares during the period. Walt Disney makes up about 0.2% of Reik & CO. LLC’s holdings, making the stock its 28th largest position. Reik & CO. LLC’s holdings in Walt Disney were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Summit Global Investments boosted its position in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the last quarter. Smith Thornton Advisors LLC boosted its position in shares of Walt Disney by 11.7% during the third quarter. Smith Thornton Advisors LLC now owns 9,241 shares of the entertainment giant’s stock valued at $889,000 after buying an additional 967 shares during the last quarter. First National Bank & Trust Co. of Newtown boosted its position in shares of Walt Disney by 1.2% during the third quarter. First National Bank & Trust Co. of Newtown now owns 13,550 shares of the entertainment giant’s stock valued at $1,303,000 after buying an additional 167 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of Walt Disney during the third quarter valued at approximately $848,000. Finally, Portside Wealth Group LLC boosted its position in shares of Walt Disney by 27.8% during the third quarter. Portside Wealth Group LLC now owns 31,526 shares of the entertainment giant’s stock valued at $3,033,000 after buying an additional 6,851 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $98.94 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $179.44 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The firm’s fifty day moving average price is $93.54 and its 200-day moving average price is $97.12.

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

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Evercore ISI dropped their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays dropped their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie dropped their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

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.