BLB&B Advisors LLC Lowers Stock Position in The Walt Disney Company $DIS

BLB&B Advisors LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,153 shares of the entertainment giant’s stock after selling 154 shares during the period. BLB&B Advisors LLC’s holdings in Walt Disney were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter valued at about $26,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Walt Disney by 82.5% during the 2nd 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 last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter worth approximately $49,000. Finally, Core Alternative Capital increased its stake in shares of Walt Disney by 71.0% during the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DIS. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $111.78 on Friday. The company has a 50-day moving average price of $114.24 and a two-hundred day moving average price of $112.49. 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 twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market capitalization of $200.97 billion, a PE ratio of 17.52, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the business earned $1.39 earnings per share. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.