Trueblood Wealth Management LLC boosted its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,539 shares of the entertainment giant’s stock after acquiring an additional 247 shares during the period. Trueblood Wealth Management LLC’s holdings in Walt Disney were worth $439,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Seamount Financial Group Inc. lifted its position in Walt Disney by 39.7% in the second quarter. Seamount Financial Group Inc. now owns 3,325 shares of the entertainment giant’s stock valued at $412,000 after acquiring an additional 945 shares during the last quarter. Drake & Associates LLC purchased a new stake in shares of Walt Disney in the second quarter valued at about $224,000. KPP Advisory Services LLC raised its holdings in shares of Walt Disney by 7.5% in the second quarter. KPP Advisory Services LLC now owns 15,730 shares of the entertainment giant’s stock valued at $1,951,000 after buying an additional 1,095 shares during the last quarter. Iowa State Bank raised its holdings in shares of Walt Disney by 1.0% in the second quarter. Iowa State Bank now owns 26,491 shares of the entertainment giant’s stock valued at $3,285,000 after buying an additional 266 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Walt Disney by 12.3% in the second quarter. Belpointe Asset Management LLC now owns 23,756 shares of the entertainment giant’s stock valued at $2,946,000 after buying an additional 2,593 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Trading Up 0.3%
NYSE DIS opened at $112.83 on Tuesday. The stock has a market capitalization of $202.86 billion, a P/E ratio of 17.68, a P/E/G 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. The firm has a 50-day moving average price of $115.97 and a 200 day moving average price of $110.19. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Morgan Stanley upped 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. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Saturday, September 27th. Guggenheim upped 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. Finally, Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.18.
Get Our Latest Analysis on Walt Disney
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.
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