Delta Financial Advisors LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Delta Financial Advisors LLC raised 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 disclosure with the Securities & Exchange Commission. The firm owned 15,104 shares of the entertainment giant’s stock after buying an additional 318 shares during the period. Delta Financial Advisors LLC’s holdings in Walt Disney were worth $1,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DIS. Mcdonald Partners LLC boosted its holdings in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after acquiring an additional 88 shares during the period. McKinley Carter Wealth Services Inc. boosted its stake in shares of Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after purchasing an additional 89 shares during the period. Sendero Wealth Management LLC boosted its stake in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares during the period. Pflug Koory LLC grew its holdings in shares of Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its stake in Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after buying an additional 94 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.8 %

DIS opened at $87.94 on Friday. 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 Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The business’s 50 day moving average is $91.98 and its two-hundred day moving average is $103.22. The firm has a market cap of $160.32 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. On average, research analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIS shares. Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.