Advisory Alpha LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

Advisory Alpha LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 13.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,014 shares of the entertainment giant’s stock after purchasing an additional 813 shares during the quarter. Advisory Alpha LLC’s holdings in Walt Disney were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mcdonald Partners LLC raised its position in Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares during the period. Sendero Wealth Management LLC raised its holdings in shares of Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after buying an additional 89 shares during the period. Pflug Koory LLC raised its holdings in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC raised its holdings in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Stock Down 2.2 %

Shares of NYSE:DIS opened at $94.05 on Wednesday. The company has a market capitalization of $171.46 billion, a PE ratio of 102.23, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a 50 day simple moving average of $90.50 and a 200-day simple moving average of $100.98.

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

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.