SouthState Corp Boosts Holdings in The Walt Disney Company $DIS

SouthState Corp raised its holdings in The Walt Disney Company (NYSE:DIS) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,369 shares of the entertainment giant’s stock after purchasing an additional 949 shares during the quarter. SouthState Corp’s holdings in Walt Disney were worth $6,122,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its stake 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 worth $26,000 after acquiring an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter worth about $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter worth about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth about $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Evercore ISI increased their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. 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. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research 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 presently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Down 0.1%

DIS stock opened at $111.39 on Thursday. The company has a market cap of $200.27 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.45 and a beta of 1.54. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a 50-day moving average of $113.75 and a two-hundred day moving average of $113.45.

Walt Disney (NYSE:DIS) last released 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 during 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%. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.