1,983 Shares in The Walt Disney Company $DIS Purchased by TruWealth Advisors LLC

TruWealth Advisors LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,983 shares of the entertainment giant’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clearstead Trust LLC grew its holdings in shares of Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock worth $1,629,000 after purchasing an additional 99 shares during the period. Aspen Investment Management Inc raised its position in shares of Walt Disney by 3.5% in the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 100 shares in the last quarter. Hemington Wealth Management raised its position in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after purchasing an additional 105 shares in the last quarter. Leigh Baldwin & CO. LLC raised its position in shares of Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant’s stock valued at $493,000 after purchasing an additional 108 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock valued at $2,578,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. JPMorgan Chase & Co. upped their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research 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. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. One 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’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of DIS opened at $116.02 on Monday. The company has a market cap of $208.60 billion, a P/E ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The stock has a fifty day moving average price of $118.34 and a 200 day moving average price of $108.99. 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 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue 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, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.