JNBA Financial Advisors Cuts Holdings in The Walt Disney Company $DIS

JNBA Financial Advisors decreased its position in The Walt Disney Company (NYSE:DIS) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,868 shares of the entertainment giant’s stock after selling 583 shares during the period. JNBA Financial Advisors’ holdings in Walt Disney were worth $1,844,000 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 DIS. Brighton Jones LLC increased its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after purchasing an additional 1,856 shares in the last quarter. Zhang Financial LLC increased its stake in shares of Walt Disney by 9.8% during the first quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock worth $218,000 after purchasing an additional 197 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of Walt Disney by 21.0% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant’s stock worth $1,957,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Thomasville National Bank increased its stake in shares of Walt Disney by 3.4% during the first quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant’s stock worth $751,000 after purchasing an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $109.17 on Friday. 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 firm has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.46 and a beta of 1.54. The company’s 50-day moving average is $115.36 and its two-hundred day moving average is $110.34. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

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 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 analyst estimates of $23.69 billion. During the same period in the prior year, the business posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.