Signal Advisors Wealth LLC Sells 11,486 Shares of The Walt Disney Company $DIS

Key Points

• Signal Advisors Wealth LLC significantly reduced its position in The Walt Disney Company by 71% in Q2, owning only 4,693 shares after selling 11,486 shares during the quarter.
• Walt Disney's latest earnings report showed a EPS of $1.61, exceeding analyst expectations, but revenue of $23.65 billion slightly missed estimates.
• Analysts have mixed views on Disney's stock, with the consensus rating being "Moderate Buy" and a target price of $131.18.

Signal Advisors Wealth LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 71.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,693 shares of the entertainment giant's stock after selling 11,486 shares during the period. Signal Advisors Wealth LLC's holdings in Walt Disney were worth $582,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC increased its stake in shares of Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock valued at $139,000 after acquiring an additional 94 shares during the period. Clearstead Trust LLC boosted its stake in Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the period. Aspen Investment Management Inc raised its holdings in shares of Walt Disney by 3.5% during the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock valued at $290,000 after purchasing an additional 100 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Walt Disney by 1.9% during the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after purchasing an additional 105 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC raised its holdings in Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIS. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Barclays boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Stephens reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Up 0.4%

DIS stock traded up $0.46 on Tuesday, reaching $113.02. The company's stock had a trading volume of 2,320,556 shares, compared to its average volume of 9,467,635. The business has a fifty day simple moving average of $117.56 and a two-hundred day simple moving average of $109.22. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market cap of $203.20 billion, a PE ratio of 17.76, a PEG ratio of 1.65 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the company earned $1.39 earnings per share. The company's revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS 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.