Modern Wealth Management LLC Raises Holdings in The Walt Disney Company $DIS

Modern Wealth Management LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,940 shares of the entertainment giant’s stock after buying an additional 1,141 shares during the period. Modern Wealth Management LLC’s holdings in Walt Disney were worth $1,672,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. purchased a new position in shares of Walt Disney during the 1st quarter valued at $326,000. WoodTrust Financial Corp lifted its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Bank of Stockton lifted its holdings in Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock worth $897,000 after purchasing an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Walt Disney during the 1st quarter worth about $24,373,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DIS. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $116.02 on Friday. The business’s 50-day moving average price is $118.34 and its two-hundred day moving average price is $109.03. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market cap of $208.60 billion, a P/E ratio of 18.18, a PEG ratio of 1.69 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 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, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.