Valley National Advisers Inc. Buys 519 Shares of The Walt Disney Company $DIS

Valley National Advisers Inc. grew its position in shares of The Walt Disney Company (NYSE:DIS) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,593 shares of the entertainment giant’s stock after buying an additional 519 shares during the quarter. Valley National Advisers Inc.’s holdings in Walt Disney were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Eads & Heald Wealth Management grew its stake in shares of Walt Disney by 5.3% during the 2nd quarter. Eads & Heald Wealth Management now owns 10,686 shares of the entertainment giant’s stock valued at $1,325,000 after purchasing an additional 536 shares during the period. Valeo Financial Advisors LLC grew its position in Walt Disney by 5.2% during the second quarter. Valeo Financial Advisors LLC now owns 106,183 shares of the entertainment giant’s stock valued at $13,168,000 after buying an additional 5,258 shares during the period. Plimoth Trust Co. LLC increased its holdings in Walt Disney by 7.0% during the second quarter. Plimoth Trust Co. LLC now owns 28,231 shares of the entertainment giant’s stock valued at $3,501,000 after buying an additional 1,855 shares during the last quarter. DAVENPORT & Co LLC raised its position in Walt Disney by 1.1% in the second quarter. DAVENPORT & Co LLC now owns 175,999 shares of the entertainment giant’s stock worth $21,824,000 after acquiring an additional 1,831 shares during the period. Finally, Keudell Morrison Wealth Management boosted its stake in shares of Walt Disney by 11.3% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,094 shares of the entertainment giant’s stock worth $508,000 after acquiring an additional 415 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Barclays lifted their price target 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. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Guggenheim upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Price Performance

Walt Disney stock opened at $112.49 on Monday. The firm has a market capitalization of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.48 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 firm has a 50-day moving average price of $116.12 and a 200-day moving average price of $110.10. 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 released 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.