Miracle Mile Advisors LLC Has $3.41 Million Holdings in The Walt Disney Company (NYSE:DIS)

Miracle Mile Advisors LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,343 shares of the entertainment giant’s stock after buying an additional 745 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in DIS. SVB Wealth LLC boosted its position in shares of Walt Disney by 1.0% in the fourth quarter. SVB Wealth LLC now owns 39,853 shares of the entertainment giant’s stock valued at $3,598,000 after acquiring an additional 386 shares during the period. Tyche Wealth Partners LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $553,000. Sfmg LLC lifted its stake in shares of Walt Disney by 8.6% in the fourth quarter. Sfmg LLC now owns 4,201 shares of the entertainment giant’s stock valued at $379,000 after buying an additional 331 shares during the period. Rakuten Securities Inc. acquired a new stake in Walt Disney during the fourth quarter worth about $495,000. Finally, KLCM Advisors Inc. lifted its position in shares of Walt Disney by 90.4% in the 4th quarter. KLCM Advisors Inc. now owns 171,075 shares of the entertainment giant’s stock worth $15,446,000 after acquiring an additional 81,227 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 0.6 %

DIS stock traded up $0.51 during midday trading on Friday, reaching $89.30. The company’s stock had a trading volume of 10,277,743 shares, compared to its average volume of 11,680,049. The business’s 50-day simple moving average is $95.41 and its 200-day simple moving average is $104.78. The stock has a market cap of $162.80 billion, a PE ratio of 97.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 4.77 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on DIS. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC cut their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Tuesday, May 21st. Finally, Macquarie dropped their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $118.13.

About Walt Disney

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.