King Wealth Management Group Grows Holdings in The Walt Disney Company (NYSE:DIS)

King Wealth Management Group raised its position in The Walt Disney Company (NYSE:DIS) by 44.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,555 shares of the entertainment giant’s stock after purchasing an additional 1,400 shares during the quarter. King Wealth Management Group’s holdings in Walt Disney were worth $438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. ESL Trust Services LLC purchased a new stake in Walt Disney during the first quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC grew its stake in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank raised its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its holdings in Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIS. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Loop Capital lowered their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $119.90.

Walt Disney Price Performance

Walt Disney stock opened at $109.13 on Friday. The business has a 50 day simple moving average of $94.62 and a 200-day simple moving average of $96.69. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $197.92 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40.

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.