Triton Wealth Management PLLC Makes New $541,000 Investment in Walt Disney Co (NYSE:DIS)

Triton Wealth Management PLLC purchased a new stake in Walt Disney Co (NYSE:DIS) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 4,684 shares of the entertainment giant’s stock, valued at approximately $541,000.

Several other institutional investors have also modified their holdings of DIS. Exchange Traded Concepts LLC purchased a new stake in shares of Walt Disney in the first quarter valued at $507,000. Foundations Investment Advisors LLC boosted its stake in Walt Disney by 13.8% in the 1st quarter. Foundations Investment Advisors LLC now owns 2,126 shares of the entertainment giant’s stock worth $202,000 after buying an additional 257 shares during the last quarter. OLD Dominion Capital Management Inc. grew its holdings in Walt Disney by 44.0% in the 1st quarter. OLD Dominion Capital Management Inc. now owns 41,130 shares of the entertainment giant’s stock valued at $3,973,000 after buying an additional 12,577 shares during the period. Chemung Canal Trust Co. increased its stake in shares of Walt Disney by 1.9% during the 1st quarter. Chemung Canal Trust Co. now owns 67,214 shares of the entertainment giant’s stock valued at $6,493,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its stake in shares of Walt Disney by 3.5% during the 1st quarter. Jacobi Capital Management LLC now owns 22,915 shares of the entertainment giant’s stock valued at $2,214,000 after acquiring an additional 765 shares during the last quarter. 62.66% of the stock is currently owned by institutional investors.

DIS has been the subject of several research analyst reports. Cowen lowered shares of Walt Disney from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $101.00 to $97.00 in a research report on Thursday, July 16th. Loop Capital downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Tuesday, May 19th. Credit Suisse Group lowered Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 target price on the stock. in a research report on Monday, April 20th. Consumer Edge downgraded Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 price target for the company. in a research report on Tuesday, June 9th. Finally, Imperial Capital restated a “sell” rating and issued a $105.00 price objective on shares of Walt Disney in a report on Monday, June 22nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $125.35.

Shares of Walt Disney stock opened at $116.94 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The firm’s 50-day simple moving average is $115.68 and its 200-day simple moving average is $117.27. The firm has a market cap of $208.91 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 13.36 and a beta of 1.10.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Walt Disney Co will post 1.38 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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