Summit Investment Advisors Inc. Has $1.81 Million Stock Position in The Walt Disney Company $DIS

Summit Investment Advisors Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 3.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,381 shares of the entertainment giant’s stock after selling 620 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Walt Disney were worth $1,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the 1st quarter valued at approximately $26,000. 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. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the second quarter worth $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Walt Disney during the first quarter worth $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Up 1.3%

Shares of DIS opened at $112.17 on Tuesday. The stock’s 50-day moving average price is $113.33 and its two-hundred day moving average price is $114.15. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a market capitalization of $201.67 billion, a PE ratio of 17.58, a PEG ratio of 1.45 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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.