The Walt Disney Company $DIS Holdings Decreased by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.8% during the second quarter, Holdings Channel.com reports. The firm owned 5,593 shares of the entertainment giant’s stock after selling 473 shares during the period. Amplius Wealth Advisors LLC’s holdings in Walt Disney were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. J. Safra Sarasin Holding AG raised its position in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. bought a new stake in Walt Disney in the first quarter worth about $326,000. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the second quarter worth about $4,220,599,000. Wedge Capital Management L L P NC raised its position in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after acquiring an additional 316,707 shares in the last quarter. Finally, Lodge Hill Capital LLC bought a new stake in Walt Disney in the first quarter worth about $24,373,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DIS. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

Shares of DIS opened at $111.78 on Friday. The company has a market capitalization of $200.97 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.45 and a beta of 1.54. 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 business’s 50-day moving average is $114.24 and its 200-day moving average is $112.49.

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

About Walt Disney

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.