Principle Wealth Partners LLC Sells 419 Shares of The Walt Disney Company $DIS

Principle Wealth Partners LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,492 shares of the entertainment giant’s stock after selling 419 shares during the quarter. Principle Wealth Partners LLC’s holdings in Walt Disney were worth $3,037,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Kondo Wealth Advisors Inc. raised its holdings in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares during the period. Physician Wealth Advisors Inc. increased its holdings in shares of Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after purchasing an additional 87 shares during the period. Childress Capital Advisors LLC increased its holdings in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares during the period. Apollon Financial LLC increased its holdings in shares of Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after purchasing an additional 87 shares during the period. Finally, Community Bank N.A. increased its holdings in shares of Walt Disney by 0.4% during the second quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant’s stock worth $2,858,000 after purchasing an additional 89 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

NYSE DIS opened at $113.00 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 firm has a market capitalization of $203.16 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.50 and a beta of 1.54. The firm’s 50 day simple moving average is $114.78 and its 200 day simple moving average is $111.22. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for 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%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. As a group, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on DIS. Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Profile

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.