Kestra Advisory Services LLC Has $17.60 Million Stock Position in The Walt Disney Company $DIS

Key Points

• Kestra Advisory Services LLC reduced its stake in The Walt Disney Company by 7.9%, now holding 178,330 shares worth approximately $17.6 million.
• The company reported $1.61 EPS for the latest quarter, surpassing expectations, alongside a year-over-year revenue increase of 2.1%.
• Analysts maintain a consensus price target of $131.18 for Disney, with a majority rating the stock as a "Buy" or "Strong Buy".

Kestra Advisory Services LLC cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,330 shares of the entertainment giant's stock after selling 15,197 shares during the period. Kestra Advisory Services LLC's holdings in Walt Disney were worth $17,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $39,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Up 2.1%

Walt Disney stock traded up $2.4540 during mid-day trading on Friday, hitting $118.6640. The company's stock had a trading volume of 7,157,159 shares, compared to its average volume of 8,774,050. The firm's 50 day moving average is $119.22 and its 200 day moving average is $108.21. The company has a market cap of $213.35 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.72 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm 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 business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.