Simplicity Wealth LLC Has $4.09 Million Stock Position in The Walt Disney Company $DIS

Key Points

• Simplicity Wealth LLC increased its stake in The Walt Disney Company by 92.5%, owning a total of 32,996 shares valued at approximately $4.09 million as of its latest filing.
• Research analysts have recently upgraded their price targets for Disney, with Guggenheim and Morgan Stanley both raising their targets from $120 to $140 and maintaining a "buy" rating.
• Walt Disney reported earnings per share of $1.61, surpassing estimates, with a quarterly revenue of $23.65 billion, showing a year-over-year increase of 2.1%.

Simplicity Wealth LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 92.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,996 shares of the entertainment giant's stock after buying an additional 15,858 shares during the period. Simplicity Wealth LLC's holdings in Walt Disney were worth $4,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. MBL Wealth LLC lifted its holdings in shares of Walt Disney by 12.7% during the 2nd quarter. MBL Wealth LLC now owns 2,576 shares of the entertainment giant's stock valued at $319,000 after purchasing an additional 291 shares in the last quarter. Capital City Trust Co. FL bought a new stake in Walt Disney in the 2nd quarter valued at approximately $243,000. Sutton Place Investors LLC bought a new stake in Walt Disney in the 2nd quarter valued at approximately $276,000. Hill Island Financial LLC lifted its stake in Walt Disney by 24.2% in the 2nd quarter. Hill Island Financial LLC now owns 2,809 shares of the entertainment giant's stock valued at $348,000 after acquiring an additional 547 shares in the last quarter. Finally, BridgePort Financial Solutions LLC lifted its stake in Walt Disney by 6.0% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 6,254 shares of the entertainment giant's stock valued at $776,000 after acquiring an additional 352 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DIS shares. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Walt Disney in a report on Saturday, September 27th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Up 0.3%

DIS stock opened at $112.49 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $202.25 billion, a PE ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business's 50 day simple moving average is $116.12 and its 200 day simple moving average is $110.02.

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

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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