Midland Wealth Advisors LLC Sells 495 Shares of The Walt Disney Company $DIS

Midland Wealth Advisors LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,816 shares of the entertainment giant’s stock after selling 495 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Walt Disney were worth $1,217,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney during the second quarter worth about $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney in the 2nd quarter worth $49,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $53,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS opened at $110.80 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $199.21 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The stock’s 50 day moving average price is $113.45 and its 200-day moving average price is $114.00. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $132.90.

About Walt Disney

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.