Strait & Sound Wealth Management LLC Trims Stock Position in The Walt Disney Company $DIS

Strait & Sound Wealth Management LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,756 shares of the entertainment giant’s stock after selling 282 shares during the quarter. Strait & Sound Wealth Management LLC’s holdings in Walt Disney were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kondo Wealth Advisors Inc. raised its position in shares of Walt Disney by 1.2% during the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after buying an additional 84 shares during the period. Cornerstone Advisory LLC raised its position in shares of Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after buying an additional 86 shares during the period. Physician Wealth Advisors Inc. raised its position in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after buying an additional 87 shares during the period. Childress Capital Advisors LLC raised its position in shares of Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after buying an additional 87 shares during the period. Finally, Apollon Financial LLC raised its position in shares of Walt Disney by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on DIS shares. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

NYSE:DIS opened at $111.64 on Friday. The company has a fifty day simple moving average of $114.64 and a two-hundred day simple moving average of $111.84. The company has a market cap of $200.72 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. 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 Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

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

About Walt Disney

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.