Empirical Asset Management LLC Has $274,000 Position in The Walt Disney Company $DIS

Key Points

• Empirical Asset Management LLC reduced its position in The Walt Disney Company by 63% in the second quarter, now holding 2,211 shares valued at $274,000.
• Several other institutional investors, including Consilio Wealth Advisors and Harbor Asset Planning, have recently established new positions in Disney, reflecting a broader trend with 65.71% of the stock owned by such investors.
• Walt Disney reported earnings of $1.61 per share for the previous quarter, exceeding analysts' expectations, with a revenue of $23.65 billion, marking a 2.1% increase year-over-year.

Empirical Asset Management LLC cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 63.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,211 shares of the entertainment giant's stock after selling 3,764 shares during the quarter. Empirical Asset Management LLC's holdings in Walt Disney were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Consilio Wealth Advisors LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at approximately $228,000. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at approximately $37,000. Activest Wealth Management raised its position in shares of Walt Disney by 5.8% in the 2nd quarter. Activest Wealth Management now owns 3,465 shares of the entertainment giant's stock valued at $430,000 after buying an additional 191 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new position in shares of Walt Disney in the 2nd quarter valued at approximately $244,000. Finally, WealthPLAN Partners LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at approximately $232,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DIS shares. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Evercore ISI lifted their price target 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 reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Up 0.7%

DIS opened at $110.69 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. 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 firm has a market capitalization of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.44 and a beta of 1.54. The company's 50 day moving average price is $114.86 and its two-hundred day moving average price is $110.75.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.

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