Wealth Management Associates Inc. Buys 409 Shares of The Walt Disney Company $DIS

Wealth Management Associates Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,304 shares of the entertainment giant’s stock after acquiring an additional 409 shares during the quarter. Wealth Management Associates Inc.’s holdings in Walt Disney were worth $658,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the 1st quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. boosted its stake in 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 purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. bought a new stake in Walt Disney during the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new stake in Walt Disney during the 2nd quarter valued at approximately $49,000. Finally, Core Alternative Capital boosted its stake in Walt Disney by 71.0% during the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock valued at $53,000 after purchasing an additional 225 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on DIS shares. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Trading Down 0.6%

DIS stock opened at $111.71 on Wednesday. The business has a fifty day moving average price of $114.47 and a 200 day moving average price of $112.32. 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 $200.85 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

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 analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. Analysts expect 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.