The Walt Disney Company (NYSE:DIS) Shares Bought by AJ Wealth Strategies LLC

AJ Wealth Strategies LLC raised its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 24.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,006 shares of the entertainment giant’s stock after acquiring an additional 2,354 shares during the period. AJ Wealth Strategies LLC’s holdings in Walt Disney were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in Walt Disney by 44.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock valued at $2,358,539,000 after acquiring an additional 7,654,961 shares during the period. Legal & General Group Plc boosted its position in shares of Walt Disney by 1.4% during the second quarter. Legal & General Group Plc now owns 12,365,280 shares of the entertainment giant’s stock worth $1,167,284,000 after buying an additional 165,075 shares during the period. Clearbridge Investments LLC boosted its position in shares of Walt Disney by 16.0% during the second quarter. Clearbridge Investments LLC now owns 9,363,589 shares of the entertainment giant’s stock worth $883,923,000 after buying an additional 1,291,934 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Walt Disney by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,739,279 shares of the entertainment giant’s stock worth $1,198,680,000 after buying an additional 306,668 shares during the period. Finally, Swiss National Bank boosted its position in shares of Walt Disney by 0.3% during the second quarter. Swiss National Bank now owns 7,897,671 shares of the entertainment giant’s stock worth $745,540,000 after buying an additional 24,900 shares during the period. 62.22% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $93.92 on Monday. The company’s 50 day moving average price is $93.61 and its two-hundred day moving average price is $100.69. The Walt Disney Company has a 12-month low of $84.07 and a 12-month high of $159.30. The firm has a market cap of $171.27 billion, a PE ratio of 54.60, a PEG ratio of 1.93 and a beta of 1.22. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.46.

Walt Disney (NYSE:DIS – Get Rating) last announced its earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). Walt Disney had a return on equity of 6.96% and a net margin of 3.80%. The business had revenue of $20.15 billion for the quarter, compared to analyst estimates of $21.10 billion. Equities research analysts predict that The Walt Disney Company will post 4.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Moffett Nathanson upgraded Walt Disney from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Monday, November 21st. Wells Fargo & Company cut their target price on Walt Disney from $145.00 to $125.00 in a research report on Wednesday, November 9th. Cowen cut their target price on Walt Disney from $124.00 to $94.00 in a research report on Wednesday, November 9th. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Finally, Macquarie cut their target price on shares of Walt Disney from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.93.

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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.