NorthRock Partners LLC Boosts Holdings in The Walt Disney Company $DIS

NorthRock Partners LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,906 shares of the entertainment giant’s stock after buying an additional 2,308 shares during the quarter. NorthRock Partners LLC’s holdings in Walt Disney were worth $3,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after purchasing an additional 1,856 shares in the last quarter. Goldstone Financial Group LLC lifted its holdings in Walt Disney by 33.2% during the first quarter. Goldstone Financial Group LLC now owns 4,953 shares of the entertainment giant’s stock valued at $489,000 after purchasing an additional 1,234 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in Walt Disney by 16.8% during the first quarter. Missouri Trust & Investment Co now owns 14,240 shares of the entertainment giant’s stock valued at $1,405,000 after purchasing an additional 2,053 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Walt Disney by 4.8% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,679 shares of the entertainment giant’s stock valued at $1,350,000 after purchasing an additional 629 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.6%

Shares of DIS opened at $109.17 on Monday. The company’s fifty day moving average is $115.36 and its 200 day moving average is $110.48. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market capitalization of $196.27 billion, a PE ratio of 17.11, a P/E/G ratio of 1.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Finally, 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 report on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

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.