Wealth Enhancement Advisory Services LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 964,662 shares of the entertainment giant's stock after selling 94,210 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Walt Disney worth $119,618,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. J. Safra Sarasin Holding AG increased its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $326,000. WoodTrust Financial Corp increased its holdings in Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton increased its holdings in Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $24,373,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Walt Disney Stock Performance
DIS stock opened at $115.98 on Thursday. 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 business's fifty day simple moving average is $117.97 and its two-hundred day simple moving average is $109.10. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $208.52 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.67 and a beta of 1.55.
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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently issued reports on DIS. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.18.
Read Our Latest Research Report on Walt Disney
Walt Disney Company Profile
(
Free Report)
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.
Further Reading
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