Apollon Wealth Management LLC Has $7.34 Million Stock Position in The Walt Disney Company $DIS

Key Points

• Apollon Wealth Management LLC has reduced its stake in The Walt Disney Company by 5.1%, now holding a position worth $7.34 million.
• Investors and hedge funds are actively adjusting their positions in Disney, with notable increases from firms like DiNuzzo Private Wealth Inc. (up 82.5%) and Kessler Investment Group LLC (up 274.0%).
• Walt Disney shares are currently down 1.6%, with a market cap of $196.27 billion and a recent earnings report showing an EPS of $1.61, beating expectations.

Apollon Wealth Management LLC reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,155 shares of the entertainment giant's stock after selling 3,167 shares during the quarter. Apollon Wealth Management LLC's holdings in Walt Disney were worth $7,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. increased its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter worth approximately $26,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. RMG Wealth Management LLC bought a new stake in Walt Disney in the second quarter worth approximately $49,000. Finally, Wolff Wiese Magana LLC increased its holdings in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock worth $57,000 after purchasing an additional 135 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Wall Street Zen lowered Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 1.6%

Shares of NYSE:DIS opened at $109.17 on Friday. The company has a market capitalization of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business has a fifty day moving average price of $115.36 and a two-hundred day moving average price of $110.34. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.

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