Strategies Wealth Advisors LLC Increases Stock Holdings in The Walt Disney Company $DIS

Key Points

• Strategies Wealth Advisors LLC increased its stake in The Walt Disney Company by 60.8%, acquiring a total of 13,566 shares valued at approximately $1.34 million as of its latest filing.
• Several other institutional investors, including Allstate Corp and RPG Investment Advisory LLC, also boosted their holdings in Walt Disney, reflecting a strong interest among institutional investors.
• Analysts maintain a Moderate Buy rating on Walt Disney, with price targets ranging from $130.00 to $141.00, indicating an optimistic outlook for the company's stock performance.

Strategies Wealth Advisors LLC boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 60.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,566 shares of the entertainment giant's stock after purchasing an additional 5,132 shares during the quarter. Strategies Wealth Advisors LLC's holdings in Walt Disney were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allstate Corp increased its stake in shares of Walt Disney by 19.1% in the first quarter. Allstate Corp now owns 64,218 shares of the entertainment giant's stock worth $6,338,000 after buying an additional 10,307 shares during the period. RPG Investment Advisory LLC boosted its holdings in Walt Disney by 96.0% in the first quarter. RPG Investment Advisory LLC now owns 221,210 shares of the entertainment giant's stock valued at $21,833,000 after acquiring an additional 108,368 shares in the last quarter. Monetary Management Group Inc. boosted its holdings in Walt Disney by 3.4% in the first quarter. Monetary Management Group Inc. now owns 4,575 shares of the entertainment giant's stock valued at $452,000 after acquiring an additional 150 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Walt Disney by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock valued at $1,399,399,000 after buying an additional 613,414 shares in the last quarter. Finally, Bragg Financial Advisors Inc boosted its holdings in shares of Walt Disney by 3.1% during the 1st quarter. Bragg Financial Advisors Inc now owns 136,474 shares of the entertainment giant's stock valued at $13,470,000 after buying an additional 4,059 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $116.2350 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock's fifty day moving average is $119.20 and its 200 day moving average is $108.21. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market capitalization of $208.98 billion, a PE ratio of 18.22, a PEG ratio of 1.69 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 for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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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