180 Wealth Advisors LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 6.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,596 shares of the entertainment giant’s stock after buying an additional 881 shares during the period. 180 Wealth Advisors LLC’s holdings in Walt Disney were worth $1,230,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new stake in shares of Walt Disney during the first quarter valued at $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney during the first quarter valued at about $29,000. MBM Wealth Consultants LLC boosted its holdings in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after buying an additional 243 shares during the period. Silicon Valley Capital Partners purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $35,000. Finally, Bell Investment Advisors Inc lifted its position in shares of Walt Disney by 40.3% in the 1st quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.
Wall Street Analyst Weigh In
DIS has been the topic of several recent analyst reports. Credit Suisse Group cut their target price on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. Atlantic Securities downgraded Walt Disney from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Citigroup dropped their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Truist Financial reiterated a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a research note on Monday, August 21st. Finally, Morgan Stanley decreased their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.58.
Insider Activity at Walt Disney
In related news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.
Walt Disney Stock Performance
Shares of NYSE DIS opened at $85.03 on Tuesday. The Walt Disney Company has a 12 month low of $79.75 and a 12 month high of $118.18. The company has a market cap of $155.58 billion, a P/E ratio of 69.13, a P/E/G ratio of 1.72 and a beta of 1.28. The business’s 50 day moving average is $85.78 and its two-hundred day moving average is $91.59. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.
Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business had revenue of $22.33 billion for the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Walt Disney’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 3.68 EPS for the current year.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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