Abundance Wealth Counselors Decreases Stock Position in The Walt Disney Company $DIS

Abundance Wealth Counselors cut its stake in The Walt Disney Company (NYSE:DIS) by 3.2% in the second quarter, HoldingsChannel reports. The firm owned 9,606 shares of the entertainment giant’s stock after selling 319 shares during the quarter. Abundance Wealth Counselors’ holdings in Walt Disney were worth $1,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Physician Wealth Advisors Inc. lifted its holdings in shares of Walt Disney by 3.5% in the 2nd 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 during the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Walt Disney by 9.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after purchasing an additional 94 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its position in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares during the period. Finally, Clearstead Trust LLC increased its position in Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after acquiring an additional 99 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

NYSE DIS opened at $112.14 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $116.30 and its two-hundred day moving average is $109.86. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market capitalization of $201.62 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS 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.