SNS Financial Group LLC Raises Stock Position in The Walt Disney Company $DIS

SNS Financial Group LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,335 shares of the entertainment giant’s stock after acquiring an additional 537 shares during the quarter. SNS Financial Group LLC’s holdings in Walt Disney were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. ORBA Wealth Advisors L.L.C. increased its position in shares of Walt Disney by 14.4% during the second quarter. ORBA Wealth Advisors L.L.C. now owns 4,698 shares of the entertainment giant’s stock worth $583,000 after acquiring an additional 590 shares during the period. Trillium Asset Management LLC increased its position in shares of Walt Disney by 9.0% during the second quarter. Trillium Asset Management LLC now owns 6,477 shares of the entertainment giant’s stock worth $803,000 after acquiring an additional 534 shares during the period. Arrowroot Family Office LLC purchased a new position in shares of Walt Disney during the second quarter worth approximately $518,000. Blue Barn Wealth LLC increased its position in shares of Walt Disney by 7.6% during the second quarter. Blue Barn Wealth LLC now owns 2,344 shares of the entertainment giant’s stock worth $291,000 after acquiring an additional 165 shares during the period. Finally, Homestead Advisers Corp increased its position in shares of Walt Disney by 0.3% during the second quarter. Homestead Advisers Corp now owns 864,800 shares of the entertainment giant’s stock worth $107,244,000 after acquiring an additional 2,800 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $111.51 on Wednesday. The firm’s fifty day simple moving average is $113.89 and its two-hundred day simple moving average is $113.47. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $200.48 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on DIS. Evercore ISI lifted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley lifted 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 Monday, August 4th. Finally, Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $132.90.

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.