180 Wealth Advisors LLC boosted its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,596 shares of the entertainment giant’s stock after acquiring an additional 881 shares during the period. 180 Wealth Advisors LLC’s holdings in Walt Disney were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney in the first quarter valued at approximately $28,000. Worth Asset Management LLC bought a new stake in Walt Disney in the 1st quarter valued at $29,000. MBM Wealth Consultants LLC grew its holdings in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares in the last quarter. Silicon Valley Capital Partners bought a new position in Walt Disney during the 4th quarter worth $35,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $39,000. Institutional investors and hedge funds own 61.17% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on DIS shares. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $113.00 to $76.00 in a research report on Tuesday, July 25th. Evercore ISI dropped their price target on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, July 24th. Loop Capital reduced their price target on Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Truist Financial reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a report on Monday, August 21st. Finally, Morgan Stanley reduced their target price on Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.58.
Walt Disney Stock Down 0.6 %
Shares of DIS opened at $85.03 on Tuesday. The stock has a market capitalization of $155.58 billion, a price-to-earnings ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28. The Walt Disney Company has a 52 week low of $79.75 and a 52 week high of $118.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The stock has a fifty day moving average of $85.78 and a 200-day moving average of $91.59.
Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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