The Walt Disney Company (NYSE:DIS) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC raised its stake in The Walt Disney Company (NYSE:DISGet Rating) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,188 shares of the entertainment giant’s stock after purchasing an additional 144 shares during the period. Sound Income Strategies LLC’s holdings in Walt Disney were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Perspectives Financial Planning LLC raised its stake in Walt Disney by 126.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. Roble Belko & Company Inc raised its position in shares of Walt Disney by 96.2% during the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Worth Asset Management LLC purchased a new stake in Walt Disney during the first quarter worth approximately $29,000. Rational Advisors LLC boosted its holdings in Walt Disney by 74.1% in the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 103 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its stake in Walt Disney by 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 61.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DIS shares. Wolfe Research lowered their target price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Morgan Stanley dropped their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. Moffett Nathanson reduced their target price on Walt Disney to $120.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. Finally, Guggenheim raised Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $145.00 in a report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.3 %

Shares of Walt Disney stock opened at $108.25 on Monday. The company has a 50-day moving average of $109.40 and a two-hundred day moving average of $113.92. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $185.90. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $197.35 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. Walt Disney’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. On average, research analysts anticipate that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

About Walt Disney

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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