Impact Partnership Wealth LLC Invests $220,000 in The Walt Disney Company $DIS

Impact Partnership Wealth LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,771 shares of the entertainment giant’s stock, valued at approximately $220,000.

Several other institutional investors have also recently made changes to their positions in DIS. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Walt Disney by 19.7% in the 1st quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock worth $713,000 after acquiring an additional 1,188 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Walt Disney by 4.4% in the 1st quarter. Private Trust Co. NA now owns 13,319 shares of the entertainment giant’s stock worth $1,315,000 after acquiring an additional 567 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Walt Disney by 4.8% in the 1st quarter. First Horizon Advisors Inc. now owns 20,367 shares of the entertainment giant’s stock worth $2,010,000 after acquiring an additional 940 shares in the last quarter. Finally, Goelzer Investment Management Inc. grew its stake in shares of Walt Disney by 3.6% in the 1st quarter. Goelzer Investment Management Inc. now owns 31,527 shares of the entertainment giant’s stock worth $3,112,000 after acquiring an additional 1,096 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $112.70 on Friday. The company’s 50 day moving average is $114.12 and its 200-day moving average is $112.68. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 firm has a market cap of $202.63 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, 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 report on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.90.

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.