WealthPLAN Partners LLC Takes $232,000 Position in The Walt Disney Company $DIS

WealthPLAN Partners LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,871 shares of the entertainment giant’s stock, valued at approximately $232,000.

Several other hedge funds have also added to or reduced their stakes in the company. Evernest Financial Advisors LLC boosted its holdings in Walt Disney by 16.0% in the second quarter. Evernest Financial Advisors LLC now owns 4,391 shares of the entertainment giant’s stock valued at $545,000 after acquiring an additional 607 shares during the last quarter. Omnia Family Wealth LLC boosted its holdings in Walt Disney by 2.6% in the second quarter. Omnia Family Wealth LLC now owns 14,822 shares of the entertainment giant’s stock valued at $1,845,000 after acquiring an additional 371 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Walt Disney in the second quarter valued at about $644,000. Nvest Financial LLC boosted its holdings in Walt Disney by 32.6% in the second quarter. Nvest Financial LLC now owns 2,785 shares of the entertainment giant’s stock valued at $345,000 after acquiring an additional 685 shares during the last quarter. Finally, WealthPlan Investment Management LLC bought a new position in Walt Disney in the second quarter valued at about $304,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.7%

NYSE:DIS opened at $109.82 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. 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 stock has a market capitalization of $197.45 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The business’s 50-day simple moving average is $114.89 and its 200-day simple moving average is $110.66.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the business posted $1.39 EPS. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DIS shares. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Finally, Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.90.

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.