SeaCrest Wealth Management LLC Has $659,000 Position in The Walt Disney Company $DIS

Key Points

• SeaCrest Wealth Management LLC reduced its position in The Walt Disney Company by 48%, holding 5,317 shares valued at $659,000 after selling nearly 5,000 shares in the second quarter.
• The Walt Disney Company reported a net margin of 12.22% and a revenue of $23.65 billion in its latest quarterly results, slightly below expectations, but beat earnings per share estimates.
• Institutional investors currently own 65.71% of Disney's stock, with several firms recently increasing their stakes as analysts set new price targets ranging from $125.00 to $140.00.

SeaCrest Wealth Management LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 48.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,317 shares of the entertainment giant's stock after selling 4,904 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Walt Disney were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of DIS. Brighton Jones LLC lifted its holdings in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Two Sigma Investments LP increased its stake in Walt Disney by 158.5% in the fourth quarter. Two Sigma Investments LP now owns 78,587 shares of the entertainment giant's stock valued at $8,751,000 after purchasing an additional 48,184 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Walt Disney during the fourth quarter worth about $6,158,000. Sunbelt Securities Inc. lifted its position in Walt Disney by 7.2% in the 4th quarter. Sunbelt Securities Inc. now owns 7,398 shares of the entertainment giant's stock valued at $820,000 after acquiring an additional 500 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in Walt Disney during the 4th quarter worth approximately $219,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 1.0%

Shares of DIS stock opened at $113.71 on Monday. The firm has a market cap of $204.44 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a 50-day moving average price of $117.71 and a two-hundred day moving average price of $109.17.

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 net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period last year, the business earned $1.39 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, September 4th. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney 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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