Equita Financial Network Inc. Has $275,000 Holdings in The Walt Disney Company $DIS

Equita Financial Network Inc. lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 8.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,221 shares of the entertainment giant’s stock after selling 203 shares during the period. Equita Financial Network Inc.’s holdings in Walt Disney were worth $275,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Walt Disney by 7.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,750 shares of the entertainment giant’s stock worth $8,650,000 after acquiring an additional 4,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Walt Disney by 18.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 285,000 shares of the entertainment giant’s stock valued at $35,343,000 after purchasing an additional 44,700 shares in the last quarter. Advisory Alpha LLC grew its stake in Walt Disney by 5.1% during the second quarter. Advisory Alpha LLC now owns 7,766 shares of the entertainment giant’s stock worth $963,000 after purchasing an additional 376 shares during the period. Facet Wealth Inc. bought a new stake in Walt Disney in the second quarter worth approximately $293,000. Finally, Teacher Retirement System of Texas increased its holdings in Walt Disney by 4.9% in the second quarter. Teacher Retirement System of Texas now owns 515,072 shares of the entertainment giant’s stock worth $63,874,000 after purchasing an additional 24,038 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DIS shares. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Trading Up 0.5%

DIS opened at $112.28 on Tuesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market capitalization of $201.87 billion, a PE ratio of 17.60, a P/E/G ratio of 1.46 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. The company’s 50-day moving average is $114.56 and its 200 day moving average is $112.13.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.