Simplicity Wealth LLC Purchases 15,858 Shares of The Walt Disney Company $DIS

Simplicity Wealth LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 92.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 32,996 shares of the entertainment giant’s stock after acquiring an additional 15,858 shares during the quarter. Simplicity Wealth LLC’s holdings in Walt Disney were worth $4,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Walt Disney by 82.5% during 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. Kessler Investment Group LLC lifted its position in shares of Walt Disney by 274.0% during the 1st 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 period. First PREMIER Bank lifted its position in shares of Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares during the period. Finally, Capitol Family Office Inc. bought a new stake in shares of Walt Disney during the 1st quarter valued at $52,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Raymond James Financial 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. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Finally, Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Price Performance

Shares of DIS opened at $112.49 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a 50-day simple moving average of $116.12 and a two-hundred day simple moving average of $110.02. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $202.25 billion, a PE ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.