Xcel Wealth Management LLC Purchases 446 Shares of The Walt Disney Company $DIS

Xcel Wealth Management LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,555 shares of the entertainment giant’s stock after buying an additional 446 shares during the quarter. Walt Disney makes up about 1.5% of Xcel Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Xcel Wealth Management LLC’s holdings in Walt Disney were worth $5,277,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth about $26,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in Walt Disney during the fourth quarter worth about $36,000. First PREMIER Bank raised its holdings in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Walt Disney during the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DIS shares. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Barclays lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Up 1.1%

DIS stock opened at $113.49 on Thursday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. 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 stock has a market capitalization of $204.05 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.62 and a beta of 1.55. The business’s fifty day moving average price is $117.30 and its two-hundred day moving average price is $109.27.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the company posted $1.39 earnings per share. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.