The Walt Disney Company (NYSE:DIS) Stock Position Increased by Merriman Wealth Management LLC

Merriman Wealth Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,181 shares of the entertainment giant’s stock after purchasing an additional 129 shares during the period. Merriman Wealth Management LLC’s holdings in Walt Disney were worth $316,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter worth approximately $31,000. Gold Investment Management Ltd. acquired a new position in Walt Disney during the 4th quarter worth $28,000. Red Tortoise LLC boosted its position in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of Walt Disney in the fourth quarter worth $37,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Walt Disney during the first quarter valued at $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James reduced their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Trading Up 0.3 %

Walt Disney stock opened at $93.75 on Friday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a 50 day moving average price of $90.67 and a 200 day moving average price of $101.88.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney 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.