RKL Wealth Management LLC Buys 1,133 Shares of The Walt Disney Company $DIS

RKL Wealth Management LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,452 shares of the entertainment giant’s stock after acquiring an additional 1,133 shares during the quarter. RKL Wealth Management LLC’s holdings in Walt Disney were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Walt Disney by 82.5% during the second 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 period. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter valued at approximately $26,000. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 135 shares during the last quarter. Finally, First PREMIER Bank raised its holdings in Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.3%

NYSE DIS opened at $112.97 on Thursday. The company has a fifty day simple moving average of $116.50 and a two-hundred day simple moving average of $109.77. The stock has a market cap of $203.11 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.66 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued its 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the company posted $1.39 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIS. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Rosenblatt Securities upped their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.