Northern Financial Advisors Inc Has $206,000 Stock Holdings in The Walt Disney Company $DIS

Northern Financial Advisors Inc lessened its holdings in The Walt Disney Company (NYSE:DIS) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,663 shares of the entertainment giant’s stock after selling 433 shares during the period. Northern Financial Advisors Inc’s holdings in Walt Disney were worth $206,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. WoodTrust Financial Corp raised its position in Walt Disney by 4.1% in the second quarter. WoodTrust Financial Corp now owns 100,071 shares of the entertainment giant’s stock worth $12,410,000 after purchasing an additional 3,913 shares in the last quarter. Citizens National Bank Trust Department raised its position in Walt Disney by 6.1% in the second quarter. Citizens National Bank Trust Department now owns 39,718 shares of the entertainment giant’s stock worth $4,925,000 after purchasing an additional 2,288 shares in the last quarter. Sax Wealth Advisors LLC raised its position in Walt Disney by 12.2% in the second quarter. Sax Wealth Advisors LLC now owns 9,809 shares of the entertainment giant’s stock worth $1,216,000 after purchasing an additional 1,064 shares in the last quarter. Friedenthal Financial acquired a new position in Walt Disney in the second quarter worth about $1,001,000. Finally, DMC Group LLC raised its position in Walt Disney by 13.4% in the second quarter. DMC Group LLC now owns 2,304 shares of the entertainment giant’s stock worth $286,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIS. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Guggenheim upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Saturday, September 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Price Performance

DIS opened at $112.54 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year 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 company’s 50 day simple moving average is $115.82 and its 200-day simple moving average is $110.21. The stock has a market capitalization of $202.33 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

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 analysts’ expectations of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.