Envestnet Portfolio Solutions Inc. Has $6.93 Million Position in The Walt Disney Company $DIS

Key Points

• Envestnet Portfolio Solutions Inc. reduced its holdings in The Walt Disney Company by 6.3% during the second quarter, owning 55,875 shares valued at approximately $6.93 million after selling over 3,700 shares.
• Several institutional investors, such as Wealth Architects LLC and Vest Financial LLC, have increased their stakes in Disney, reflecting growing interest with a cumulative institutional ownership of 65.71%.
• Analysts have a generally positive outlook on Disney, with an average target price of $131.18 and 19 buy ratings compared to 9 hold ratings, indicating strong investor confidence.

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,875 shares of the entertainment giant's stock after selling 3,782 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Walt Disney were worth $6,929,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Wealth Architects LLC boosted its position in shares of Walt Disney by 8.2% during the 2nd quarter. Wealth Architects LLC now owns 3,674 shares of the entertainment giant's stock valued at $456,000 after acquiring an additional 280 shares in the last quarter. Concord Asset Management LLC VA boosted its position in shares of Walt Disney by 20.1% during the 2nd quarter. Concord Asset Management LLC VA now owns 15,655 shares of the entertainment giant's stock valued at $1,941,000 after acquiring an additional 2,619 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Walt Disney by 4.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 108,867 shares of the entertainment giant's stock valued at $13,501,000 after acquiring an additional 4,701 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $225,000. Finally, Vest Financial LLC boosted its position in shares of Walt Disney by 39.2% during the 2nd quarter. Vest Financial LLC now owns 18,094 shares of the entertainment giant's stock valued at $2,244,000 after acquiring an additional 5,098 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Weiss Ratings restated a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

Shares of DIS stock opened at $111.12 on Wednesday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm's 50 day moving average is $115.03 and its 200-day moving average is $110.57. The firm has a market capitalization of $199.79 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.45 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 announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) 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 company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the business earned $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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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