Disney Stock Attracts Major Investor Despite Mixed Quarterly Results

According to MarketBeat, Plato Investment Management Ltd has purchased 79,394 shares of The Walt Disney Company's stock in the second quarter. This new position is valued at approximately $7,597,000.

The entertainment giant reported its quarterly earnings data on August 5th, with a revenue of $25.25 billion and a net margin of 8.70%. Analysts expect that Disney will post 6.9 earnings per share for the current year.

Several other hedge funds have also bought shares of DIS in recent quarters. These include Swiss RE Ltd., Curio Wealth LLC, Osbon Capital Management LLC, Sfam LLC, and Greenline Wealth Management LLC.

The institutional investors and hedge funds own 65.71% of the company's stock. Disney has a debt-to-equity ratio of 0.32 and a price-to-earnings ratio of 22.05.