The Walt Disney Company (NYSE:DIS) Stock Position Lifted by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC lifted its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,716 shares of the entertainment giant’s stock after purchasing an additional 1,008 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Walt Disney were worth $556,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hamilton Wealth LLC bought a new position in shares of Walt Disney in the second quarter worth $3,910,000. ACG Wealth grew its stake in shares of Walt Disney by 2.9% in the second quarter. ACG Wealth now owns 22,045 shares of the entertainment giant’s stock worth $2,082,000 after purchasing an additional 619 shares in the last quarter. Sarasin & Partners LLP grew its stake in shares of Walt Disney by 20.3% in the second quarter. Sarasin & Partners LLP now owns 2,813,352 shares of the entertainment giant’s stock worth $265,580,000 after purchasing an additional 474,701 shares in the last quarter. Diligent Investors LLC grew its stake in shares of Walt Disney by 3.2% in the second quarter. Diligent Investors LLC now owns 37,357 shares of the entertainment giant’s stock worth $3,527,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Youngs Advisory Group Inc. grew its stake in shares of Walt Disney by 4.0% in the second quarter. Youngs Advisory Group Inc. now owns 5,906 shares of the entertainment giant’s stock worth $558,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 61.37% of the company’s stock.

Walt Disney Stock Down 2.2 %

Shares of Walt Disney stock opened at $102.16 on Friday. The stock has a 50-day moving average price of $110.43 and a 200 day moving average price of $113.15. The company has a market cap of $186.24 billion, a P/E ratio of 59.40, a P/E/G ratio of 1.40 and a beta of 1.20. 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 Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $179.63.

Walt Disney (NYSE:DISGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping 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%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. As a group, analysts expect that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the transaction, the executive vice president now directly owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Evercore ISI decreased their price target on Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Morgan Stanley cut their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. Truist Financial cut their price objective on Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. KeyCorp upped their price objective on Walt Disney from $131.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Finally, StockNews.com upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $151.48.

About Walt Disney

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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.

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

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