Steward Partners Investment Advisory LLC Acquires 9,296 Shares of The Walt Disney Company $DIS

Key Points

• Steward Partners Investment Advisory LLC increased its stake in The Walt Disney Company by 9.9%, acquiring an additional 9,296 shares during the first quarter, now owning a total of 102,954 shares worth approximately $10.16 million.
• Several investment firms, including Clearstead Trust and Hemington Wealth Management, have also modified their positions in DIS, with institutional investors now owning 65.71% of the stock.
• Analysts have generally given Disney a positive outlook, with twenty buy ratings and a consensus price target of $131.18, reflecting confidence in the company's performance despite current fluctuations in stock price.

Steward Partners Investment Advisory LLC lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,954 shares of the entertainment giant's stock after buying an additional 9,296 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Walt Disney were worth $10,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. J. Safra Sarasin Holding AG lifted its stake in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. acquired a new stake in shares of Walt Disney in the first quarter worth $326,000. WoodTrust Financial Corp raised its stake in Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares during the last quarter. Bank of Stockton raised its stake in Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after purchasing an additional 383 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its holdings in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities increased their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

NYSE:DIS traded up $1.0240 during mid-day trading on Wednesday, reaching $117.2940. 4,280,318 shares of the company were exchanged, compared to its average volume of 9,732,383. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a fifty day moving average of $119.29 and a 200 day moving average of $108.14. 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 stock has a market cap of $210.89 billion, a PE ratio of 18.40, a PEG ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the company posted $1.39 EPS. The company's revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate 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.