Heritage Wealth Advisors boosted its stake in shares of The Walt Disney Co. (NYSE:DIS) by 39.2% during the second quarter, Holdings Channel reports. The fund owned 13,439 shares of the entertainment giant’s stock after buying an additional 3,788 shares during the period. The Walt Disney comprises about 0.9% of Heritage Wealth Advisors’ holdings, making the stock its 18th largest position. Heritage Wealth Advisors’ holdings in The Walt Disney were worth $1,317,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DIS. Bingham Osborn & Scarborough LLC increased its stake in shares of The Walt Disney by 2.1% in the second quarter. Bingham Osborn & Scarborough LLC now owns 5,231 shares of the entertainment giant’s stock valued at $512,000 after buying an additional 106 shares during the last quarter. Auxier Asset Management increased its stake in shares of The Walt Disney by 19.0% in the second quarter. Auxier Asset Management now owns 7,387 shares of the entertainment giant’s stock valued at $723,000 after buying an additional 1,180 shares during the last quarter. Sterling Global Strategies LLC increased its stake in shares of The Walt Disney by 0.4% in the second quarter. Sterling Global Strategies LLC now owns 6,558 shares of the entertainment giant’s stock valued at $641,000 after buying an additional 24 shares during the last quarter. Argent Trust Co increased its stake in shares of The Walt Disney by 8.1% in the second quarter. Argent Trust Co now owns 9,930 shares of the entertainment giant’s stock valued at $971,000 after buying an additional 741 shares during the last quarter. Finally, Reilly Herbert Faulkner III purchased a new stake in shares of The Walt Disney during the second quarter valued at $368,000. 57.95% of the stock is currently owned by institutional investors and hedge funds.

The Walt Disney Co. (NYSE:DIS) traded up 0.35% during midday trading on Tuesday, hitting $92.95. 6,194,892 shares of the stock traded hands. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65. The firm has a market cap of $149.38 billion, a P/E ratio of 16.71 and a beta of 1.28. The company has a 50-day moving average price of $95.09 and a 200-day moving average price of $98.29.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the firm posted $1.45 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts predict that The Walt Disney Co. will post $5.79 EPS for the current year.

Several brokerages have recently weighed in on DIS. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of The Walt Disney in a report on Sunday, September 4th. FBR & Co reaffirmed a “hold” rating on shares of The Walt Disney in a report on Sunday, September 4th. Vetr raised shares of The Walt Disney from a “buy” rating to a “strong-buy” rating and set a $106.81 target price on the stock in a report on Monday, August 29th. Jefferies Group reaffirmed a “hold” rating on shares of The Walt Disney in a report on Thursday, August 25th. Finally, Wells Fargo & Co. downgraded shares of The Walt Disney to a “hold” rating in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $109.99.

The Walt Disney Company Profile

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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