Opes Wealth Management LLC Sells 140 Shares of The Walt Disney Company $DIS

Opes Wealth Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,221 shares of the entertainment giant’s stock after selling 140 shares during the period. Opes Wealth Management LLC’s holdings in Walt Disney were worth $399,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney in the second quarter worth $37,000. Finally, RMG Wealth Management LLC bought a new position in shares of Walt Disney in the second quarter worth $49,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.0%

DIS stock opened at $113.04 on Friday. The stock’s fifty day simple moving average is $114.72 and its two-hundred day simple moving average is $111.43. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market cap of $203.24 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.48 and a beta of 1.54.

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

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group increased their target price 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. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to 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.