Stillwater Capital Advisors LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 0.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 86,790 shares of the entertainment giant’s stock after acquiring an additional 358 shares during the period. Walt Disney accounts for about 1.4% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Stillwater Capital Advisors LLC’s holdings in Walt Disney were worth $7,749,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in DIS. Markel Corp raised its stake in Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after buying an additional 42,500 shares during the last quarter. Fairfield Bush & CO. raised its stake in Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after buying an additional 320 shares during the last quarter. United Bank raised its stake in Walt Disney by 8.7% during the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after buying an additional 794 shares during the last quarter. AMI Investment Management Inc. raised its stake in Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after buying an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after buying an additional 4,722 shares during the last quarter. 61.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on DIS. Wells Fargo & Company lowered their price objective on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. Truist Financial restated a “buy” rating and issued a $105.00 price target on shares of Walt Disney in a research note on Monday, August 21st. KeyCorp decreased their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 25th. Raymond James initiated coverage on Walt Disney in a research note on Monday. They issued an “outperform” rating and a $97.00 price target for the company. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.58.
Walt Disney Stock Performance
NYSE:DIS opened at $82.95 on Tuesday. The stock has a 50-day simple moving average of $85.78 and a two-hundred day simple moving average of $91.59. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The firm has a market capitalization of $151.78 billion, a PE ratio of 69.13, a P/E/G ratio of 1.72 and a beta of 1.28.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. Walt Disney’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 3.68 EPS for the current year.
Insider Buying and Selling at Walt Disney
In other news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at $85,577.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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