The Walt Disney Company $DIS Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,835 shares of the entertainment giant’s stock after selling 1,554 shares during the period. Naviter Wealth LLC’s holdings in Walt Disney were worth $2,594,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the period. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the period. First PREMIER Bank increased its holdings in shares of 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 period. Finally, RMG Wealth Management LLC acquired a new stake in Walt Disney in the second quarter worth about $49,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Morgan Stanley upped their price objective 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. Finally, UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $110.32 on Tuesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve 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. The company has a 50-day moving average of $115.18 and a 200-day moving average of $110.57. The firm has a market cap of $198.35 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating 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 company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. 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 earnings per share for the current fiscal year.

Walt Disney Company 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.