Greenwood Gearhart Inc. Has $222,000 Position in The Walt Disney Company $DIS

Greenwood Gearhart Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 21.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,797 shares of the entertainment giant’s stock after selling 501 shares during the period. Greenwood Gearhart Inc.’s holdings in Walt Disney were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Blue Zone Wealth Advisors LLC boosted its position in shares of Walt Disney by 1.6% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 45,872 shares of the entertainment giant’s stock valued at $5,689,000 after acquiring an additional 702 shares in the last quarter. PDS Planning Inc boosted its position in shares of Walt Disney by 9.4% during the 2nd quarter. PDS Planning Inc now owns 9,445 shares of the entertainment giant’s stock valued at $1,171,000 after acquiring an additional 810 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Walt Disney by 21.5% during the 2nd quarter. Blue Trust Inc. now owns 13,348 shares of the entertainment giant’s stock valued at $1,655,000 after acquiring an additional 2,364 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $9,215,000. Finally, Moseley Investment Management Inc. boosted its position in shares of Walt Disney by 5.1% during the 2nd quarter. Moseley Investment Management Inc. now owns 12,658 shares of the entertainment giant’s stock valued at $1,570,000 after acquiring an additional 611 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIS. Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Trading Down 1.6%

Shares of NYSE DIS opened at $109.17 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $196.27 billion, a PE ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $115.36 and a two-hundred day moving average of $110.34.

Walt Disney (NYSE:DIS) last announced its 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 net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, 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.