Earned Wealth Advisors LLC Decreases Stock Holdings in The Walt Disney Company $DIS

Earned Wealth Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 33.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,042 shares of the entertainment giant’s stock after selling 1,991 shares during the period. Earned Wealth Advisors LLC’s holdings in Walt Disney were worth $501,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DIS. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter worth $4,220,599,000. Nuveen LLC acquired a new position in shares of Walt Disney during the 1st quarter valued at about $1,353,607,000. Diamond Hill Capital Management Inc. boosted its position in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, Jennison Associates LLC increased its position in Walt Disney by 9.4% during the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock worth $2,564,145,000 after purchasing an additional 1,774,772 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Trading Up 1.4%

NYSE DIS opened at $111.78 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $200.97 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.45 and a beta of 1.54. The firm has a 50 day simple moving average of $114.24 and a 200-day simple moving average of $112.49. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.