Sagespring Wealth Partners LLC Grows Position in The Walt Disney Company $DIS

Sagespring Wealth Partners LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,207 shares of the entertainment giant’s stock after buying an additional 1,004 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Walt Disney were worth $1,886,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. increased 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 purchasing an additional 94 shares during the last quarter. Kessler Investment Group LLC increased 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 purchasing an additional 200 shares during the last quarter. First PREMIER Bank increased 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 purchasing an additional 205 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in Walt Disney in the 2nd quarter worth about $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Up 0.8%

Shares of NYSE DIS opened at $111.12 on Wednesday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business has a 50-day simple moving average of $115.03 and a two-hundred day simple moving average of $110.57. 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 company has a market cap of $199.79 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.45 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 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 business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the company earned $1.39 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Research 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.