Cliftonlarsonallen Wealth Advisors LLC Increases Position in The Walt Disney Company $DIS

Key Points

• Cliftonlarsonallen Wealth Advisors LLC increased its holdings in The Walt Disney Company by 31.4% during the second quarter, now owning 17,971 shares valued at approximately $2.23 million.
• Institutional investors own 65.71% of Walt Disney's stock, with several firms, including DiNuzzo Private Wealth and Kessler Investment Group, significantly increasing their stakes.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding analysts' expectations, while revenue grew by 2.1% compared to the previous year.

Cliftonlarsonallen Wealth Advisors LLC grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 31.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,971 shares of the entertainment giant's stock after purchasing an additional 4,292 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC's holdings in Walt Disney were worth $2,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter valued at approximately $26,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock valued at $57,000 after purchasing an additional 135 shares during the last quarter. Finally, First PREMIER Bank raised its holdings in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Down 1.3%

Walt Disney stock opened at $112.97 on Thursday. The stock has a 50 day moving average of $116.50 and a two-hundred day moving average of $109.77. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $203.11 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.66 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts expect 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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