Somnio Financial Group LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Somnio Financial Group LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,297 shares of the entertainment giant’s stock, valued at approximately $327,000. Walt Disney makes up 0.3% of Somnio Financial Group LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors have also recently made changes to their positions in DIS. CWA Asset Management Group LLC lifted its holdings in shares of Walt Disney by 7.3% in the 4th quarter. CWA Asset Management Group LLC now owns 24,662 shares of the entertainment giant’s stock valued at $2,227,000 after acquiring an additional 1,677 shares during the last quarter. Gardner Lewis Asset Management L P lifted its stake in Walt Disney by 16.6% in the fourth quarter. Gardner Lewis Asset Management L P now owns 39,945 shares of the entertainment giant’s stock worth $3,607,000 after purchasing an additional 5,687 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Walt Disney in the fourth quarter worth about $902,000. ROI Financial Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth about $593,000. Finally, Edge Capital Group LLC lifted its stake in Walt Disney by 8.8% in the fourth quarter. Edge Capital Group LLC now owns 7,420 shares of the entertainment giant’s stock worth $670,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $96.18 on Tuesday. The firm has a market cap of $175.34 billion, a price-to-earnings ratio of 104.54, a PEG ratio of 1.53 and a beta of 1.40. The company’s 50 day moving average is $90.44 and its 200 day moving average is $101.11. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DIS shares. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Moffett Nathanson decreased their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Finally, Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.43.

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.