Premier Path Wealth Partners LLC Grows Stake in The Walt Disney Company $DIS

Premier Path Wealth Partners LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,228 shares of the entertainment giant’s stock after acquiring an additional 1,647 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Walt Disney were worth $2,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Hantz Financial Services Inc. increased its position in shares of Walt Disney by 1.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 37,476 shares of the entertainment giant’s stock valued at $4,649,000 after purchasing an additional 498 shares during the last quarter. World Investment Advisors grew its position in Walt Disney by 5.3% during the second quarter. World Investment Advisors now owns 80,373 shares of the entertainment giant’s stock valued at $9,967,000 after buying an additional 4,081 shares during the period. Evergreen Wealth Management LLC grew its position in Walt Disney by 149.2% during the second quarter. Evergreen Wealth Management LLC now owns 55,615 shares of the entertainment giant’s stock valued at $6,897,000 after buying an additional 33,302 shares during the period. Wealth Management Associates Inc. increased its holdings in Walt Disney by 8.4% during the second quarter. Wealth Management Associates Inc. now owns 5,304 shares of the entertainment giant’s stock valued at $658,000 after buying an additional 409 shares during the last quarter. Finally, Quaker Wealth Management LLC raised its position in Walt Disney by 201.7% in the second quarter. Quaker Wealth Management LLC now owns 607 shares of the entertainment giant’s stock worth $75,000 after acquiring an additional 1,204 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIS. Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Trading Down 1.3%

Shares of DIS opened at $110.21 on Thursday. The firm has a market cap of $198.15 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a 50 day simple moving average of $114.33 and a two-hundred day simple moving average of $112.49.

Walt Disney (NYSE:DIS) last issued its 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. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. On average, equities analysts expect 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.