The Walt Disney Company $DIS Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,612 shares of the entertainment giant’s stock after selling 195 shares during the period. Stratos Wealth Advisors LLC’s holdings in Walt Disney were worth $1,936,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after acquiring an additional 1,856 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Walt Disney by 8.4% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,315 shares of the entertainment giant’s stock valued at $914,000 after acquiring an additional 723 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV lifted its position in shares of Walt Disney by 3.3% during the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 9,671 shares of the entertainment giant’s stock valued at $954,000 after acquiring an additional 309 shares during the last quarter. Finally, Abundance Wealth Counselors lifted its position in shares of Walt Disney by 2.7% during the 1st quarter. Abundance Wealth Counselors now owns 9,925 shares of the entertainment giant’s stock valued at $1,004,000 after acquiring an additional 263 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $110.69 on Friday. The company’s fifty day moving average is $114.86 and its two-hundred day moving average is $110.75. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market cap of $199.00 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.44 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 for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the business posted $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target 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.