Stratos Wealth Advisors LLC Has $1.56 Million Holdings in The Walt Disney Company (NYSE:DIS)

Stratos Wealth Advisors LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 18.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,807 shares of the entertainment giant's stock after selling 3,633 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Walt Disney were worth $1,560,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the period. Northern Trust Corp boosted its holdings in shares of Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the period. Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $2,415,427,000. Bank of New York Mellon Corp lifted its holdings in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.35.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $1.07 during trading on Wednesday, hitting $120.75. The stock had a trading volume of 6,711,795 shares, compared to its average volume of 10,012,347. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a market cap of $217.08 billion, a P/E ratio of 24.69, a PEG ratio of 1.80 and a beta of 1.56. The business has a fifty day moving average of $113.14 and a two-hundred day moving average of $106.49. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.