The Walt Disney Company (NYSE:DIS) Position Lifted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,338 shares of the entertainment giant’s stock after purchasing an additional 2,077 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Walt Disney were worth $1,722,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Parkside Advisors LLC boosted its holdings in shares of Walt Disney by 3.2% in the 2nd quarter. Parkside Advisors LLC now owns 4,058 shares of the entertainment giant’s stock valued at $403,000 after buying an additional 124 shares during the period. Olistico Wealth LLC grew its holdings in shares of Walt Disney by 47.4% during the second quarter. Olistico Wealth LLC now owns 2,715 shares of the entertainment giant’s stock valued at $270,000 after purchasing an additional 873 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in shares of Walt Disney by 1.5% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 82,216 shares of the entertainment giant’s stock worth $8,163,000 after purchasing an additional 1,219 shares during the period. Lynx Investment Advisory bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $112,000. Finally, Mather Group LLC. boosted its position in Walt Disney by 74.2% during the 2nd quarter. Mather Group LLC. now owns 22,351 shares of the entertainment giant’s stock valued at $2,219,000 after purchasing an additional 9,524 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $4.01 on Wednesday, reaching $85.96. The stock had a trading volume of 30,027,055 shares, compared to its average volume of 11,579,373. The stock has a market cap of $156.71 billion, a P/E ratio of 96.56, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The business’s 50-day moving average price is $97.87 and its two-hundred day moving average price is $105.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. On average, sell-side analysts forecast that The Walt Disney Company will post 4.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DIS shares. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a research report on Wednesday, July 3rd. Loop Capital lowered their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Moffett Nathanson reduced their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.08.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Walt Disney 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.