Twin City Private Wealth LLC Has $1.32 Million Stake in The Walt Disney Company $DIS

Twin City Private Wealth LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.5% in the second quarter, HoldingsChannel reports. The firm owned 10,665 shares of the entertainment giant’s stock after selling 625 shares during the period. Twin City Private Wealth LLC’s holdings in Walt Disney were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. increased its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter worth $26,000. Harbor Asset Planning Inc. bought a new position in Walt Disney during the second quarter worth about $37,000. RMG Wealth Management LLC bought a new position in Walt Disney during the second quarter worth about $49,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after acquiring an additional 135 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS opened at $112.70 on Friday. 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’s 50-day simple moving average is $114.12 and its 200 day simple moving average is $112.68. The company has a market cap of $202.63 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.45 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.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DIS. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.90.

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.