Blackston Financial Advisory Group LLC Has $234,000 Position in The Walt Disney Company $DIS

Blackston Financial Advisory Group LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 39.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,888 shares of the entertainment giant’s stock after selling 1,224 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in Walt Disney were worth $234,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter worth $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. acquired a new position in shares of Walt Disney during the 2nd quarter valued at about $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Walt Disney in the 1st quarter valued at approximately $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Arete Research raised Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

DIS opened at $110.80 on Monday. The stock has a market cap of $199.21 billion, a PE ratio of 17.37, a P/E/G ratio of 1.45 and a beta of 1.55. 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 1 year low of $80.10 and a 1 year high of $124.69. The stock’s 50 day simple moving average is $113.45 and its 200-day simple moving average is $114.00.

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.