626 Financial LLC Has $342,000 Stock Holdings in The Walt Disney Company $DIS

626 Financial LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,755 shares of the entertainment giant’s stock after selling 129 shares during the period. 626 Financial LLC’s holdings in Walt Disney were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Evergreen Wealth Management LLC grew its stake in Walt Disney by 149.2% in the second quarter. Evergreen Wealth Management LLC now owns 55,615 shares of the entertainment giant’s stock valued at $6,897,000 after purchasing an additional 33,302 shares in the last quarter. Wealth Management Associates Inc. raised its stake in shares of Walt Disney by 8.4% during the 2nd quarter. Wealth Management Associates Inc. now owns 5,304 shares of the entertainment giant’s stock worth $658,000 after purchasing an additional 409 shares in the last quarter. Quaker Wealth Management LLC raised its stake in shares of Walt Disney by 201.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 607 shares of the entertainment giant’s stock worth $75,000 after purchasing an additional 1,204 shares in the last quarter. Oarsman Capital Inc. raised its stake in shares of Walt Disney by 3.7% during the 2nd quarter. Oarsman Capital Inc. now owns 13,103 shares of the entertainment giant’s stock worth $1,625,000 after purchasing an additional 465 shares in the last quarter. Finally, Hoya Capital Real Estate LLC purchased a new stake in shares of Walt Disney during the 2nd quarter worth about $249,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $111.71 on Wednesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50-day moving average of $114.47 and a two-hundred day moving average of $112.32. The stock has a market capitalization of $200.85 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced 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 return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.