The Walt Disney Company $DIS Shares Purchased by LifeSteps Financial Inc.

LifeSteps Financial Inc. increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,042 shares of the entertainment giant’s stock after acquiring an additional 207 shares during the quarter. LifeSteps Financial Inc.’s holdings in Walt Disney were worth $501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nelson Capital Management LLC raised its stake in Walt Disney by 8.8% during the second quarter. Nelson Capital Management LLC now owns 33,858 shares of the entertainment giant’s stock worth $4,199,000 after acquiring an additional 2,749 shares during the period. WoodTrust Financial Corp raised its stake in Walt Disney by 4.1% during the second quarter. WoodTrust Financial Corp now owns 100,071 shares of the entertainment giant’s stock worth $12,410,000 after acquiring an additional 3,913 shares during the period. Citizens National Bank Trust Department raised its stake in Walt Disney by 6.1% during the second quarter. Citizens National Bank Trust Department now owns 39,718 shares of the entertainment giant’s stock worth $4,925,000 after acquiring an additional 2,288 shares during the period. Sax Wealth Advisors LLC grew its position in Walt Disney by 12.2% in the 2nd quarter. Sax Wealth Advisors LLC now owns 9,809 shares of the entertainment giant’s stock worth $1,216,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Walt Disney in the 2nd quarter worth about $1,001,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Rosenblatt Securities upped their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Trading Down 0.2%

Walt Disney stock opened at $112.54 on Wednesday. The firm has a 50 day simple moving average of $115.82 and a 200-day simple moving average of $110.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $202.33 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.