Spire Wealth Management Has $3.46 Million Stock Position in The Walt Disney Company $DIS

Spire Wealth Management lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.7% during the second quarter, Holdings Channel.com reports. The firm owned 27,933 shares of the entertainment giant’s stock after selling 4,056 shares during the quarter. Spire Wealth Management’s holdings in Walt Disney were worth $3,464,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney in the first quarter worth $26,000. DiNuzzo Private Wealth Inc. raised its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the second quarter worth about $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney during the second quarter worth about $49,000. Finally, Core Alternative Capital raised its position in shares of Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DIS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. UBS Group upped their price target 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. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Evercore ISI lifted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Price Performance

DIS stock opened at $111.78 on Friday. The stock has a market capitalization of $200.97 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company’s 50-day moving average is $114.24 and its 200-day moving average is $112.49. 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 Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 net margin of 12.22% and a return on equity of 9.67%. 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 prior year, the firm earned $1.39 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS 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.