ORBA Wealth Advisors L.L.C. Buys 590 Shares of The Walt Disney Company $DIS

ORBA Wealth Advisors L.L.C. boosted its stake in The Walt Disney Company (NYSE:DIS) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,698 shares of the entertainment giant’s stock after acquiring an additional 590 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Walt Disney were worth $583,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. raised its position in Walt Disney by 82.5% in 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 period. Harbor Asset Planning Inc. bought a new stake in Walt Disney in the second quarter worth about $37,000. RMG Wealth Management LLC bought a new stake in Walt Disney in the second quarter worth about $49,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Walt Disney in the first quarter valued at approximately $53,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $111.51 on Wednesday. The firm’s 50 day simple moving average is $113.89 and its 200 day simple moving average is $113.47. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $200.48 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. 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 posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.