Burt Wealth Advisors Sells 215 Shares of The Walt Disney Company (NYSE:DIS)

Burt Wealth Advisors decreased its holdings in The Walt Disney Company (NYSE:DIS) by 5.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,604 shares of the entertainment giant’s stock after selling 215 shares during the period. Burt Wealth Advisors’ holdings in Walt Disney were worth $347,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Transcendent Capital Group LLC lifted its stake in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after buying an additional 108 shares during the period. ADE LLC grew its stake in Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after purchasing an additional 110 shares during the last quarter. Cozad Asset Management Inc. increased its holdings in shares of Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares during the period. Absher Wealth Management LLC raised its stake in shares of Walt Disney by 0.8% in the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in shares of Walt Disney by 2.3% during the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock worth $493,000 after purchasing an additional 112 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.01 during trading hours on Friday, reaching $98.94. 1,947,700 shares of the company’s stock were exchanged, compared to its average volume of 10,698,015. The business has a fifty day moving average of $93.54 and a two-hundred day moving average of $97.12. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $179.44 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the company earned $1.03 EPS. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on DIS. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI cut their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.05.

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.