Foundation Wealth Management LLC Sells 150 Shares of The Walt Disney Company $DIS

Foundation Wealth Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,841 shares of the entertainment giant’s stock after selling 150 shares during the quarter. Walt Disney accounts for 0.5% of Foundation Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Foundation Wealth Management LLC’s holdings in Walt Disney were worth $724,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. raised its holdings 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 worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. First PREMIER Bank grew its holdings in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 205 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in Walt Disney in the second quarter worth $49,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of several research reports. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Barclays boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Trading Up 0.3%

Shares of Walt Disney stock opened at $112.83 on Tuesday. The company’s 50-day moving average price is $115.97 and its 200-day moving average price is $110.19. The company has a market cap of $202.86 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.