Allworth Financial LP Has $34.59 Million Stake in The Walt Disney Company $DIS

Allworth Financial LP boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,891 shares of the entertainment giant’s stock after acquiring an additional 29,221 shares during the quarter. Allworth Financial LP’s holdings in Walt Disney were worth $34,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. boosted its position in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the first quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $49,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walt Disney during the 2nd quarter worth approximately $53,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

DIS stock opened at $110.80 on Monday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market cap of $199.21 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The business’s fifty day moving average is $113.45 and its 200-day moving average is $114.00.

Wall Street Analyst Weigh In

DIS has been the subject of several research analyst reports. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney 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.