LeConte Wealth Management LLC Acquires Shares of 2,985 The Walt Disney Company $DIS

LeConte Wealth Management LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,985 shares of the entertainment giant’s stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. lifted its holdings in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of Walt Disney by 9.1% in the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after buying an additional 94 shares during the last quarter. Clearstead Trust LLC raised its position in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after buying an additional 99 shares during the last quarter. Aspen Investment Management Inc raised its position in shares of Walt Disney by 3.5% in the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after buying an additional 100 shares during the last quarter. Finally, Hemington Wealth Management raised its position in shares of Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after buying an additional 105 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DIS shares. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

Shares of DIS opened at $113.49 on Thursday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market cap of $204.05 billion, a PE ratio of 17.79, a P/E/G ratio of 1.62 and a beta of 1.55. The firm has a 50-day simple moving average of $117.30 and a two-hundred day simple moving average of $109.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the business earned $1.39 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS 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.