Burney Co. Has $3.98 Million Holdings in The Walt Disney Company $DIS

Burney Co. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 40.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,062 shares of the entertainment giant’s stock after selling 21,455 shares during the quarter. Burney Co.’s holdings in Walt Disney were worth $3,976,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4%

Shares of NYSE:DIS opened at $112.14 on Tuesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company’s 50-day moving average price is $114.01 and its two-hundred day moving average price is $113.28. 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 firm has a market cap of $201.62 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Arete Research raised shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.