Independent Solutions Wealth Management LLC Sells 680 Shares of The Walt Disney Company $DIS

Independent Solutions Wealth Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 24.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,104 shares of the entertainment giant’s stock after selling 680 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Walt Disney were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $4,220,599,000. Nuveen LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. raised its position in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after buying an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after buying an additional 1,642,907 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.2%

NYSE DIS opened at $112.54 on Wednesday. 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 company has a fifty day moving average of $115.82 and a two-hundred day moving average of $110.21. The firm has a market capitalization of $202.33 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last issued its 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 firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Morgan Stanley raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Guggenheim raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

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.