Gerber Kawasaki Wealth & Investment Management Has $12.12 Million Holdings in The Walt Disney Company $DIS

Gerber Kawasaki Wealth & Investment Management cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,786 shares of the entertainment giant’s stock after selling 729 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Walt Disney were worth $12,119,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DIS. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $253,000. Evergreen Wealth Solutions LLC increased its holdings in Walt Disney by 5.2% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 7,032 shares of the entertainment giant’s stock valued at $783,000 after purchasing an additional 349 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Walt Disney in the fourth quarter valued at $14,291,000. Finally, Bridgewealth Advisory Group LLC increased its holdings in Walt Disney by 12.9% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 4,735 shares of the entertainment giant’s stock valued at $519,000 after purchasing an additional 542 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $118.15 on Thursday. 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 business has a 50-day moving average price of $119.18 and a two-hundred day moving average price of $108.39. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $212.42 billion, a P/E ratio of 18.52, a PEG ratio of 1.70 and a beta of 1.56.

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

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Rosenblatt Securities increased their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

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.