Xcel Wealth Management LLC Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Xcel Wealth Management LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 40.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,685 shares of the entertainment giant’s stock after buying an additional 8,511 shares during the quarter. Xcel Wealth Management LLC’s holdings in Walt Disney were worth $2,855,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in Walt Disney by 96.2% during the third quarter. Sequoia Financial Advisors LLC now owns 109,697 shares of the entertainment giant’s stock worth $10,552,000 after buying an additional 53,796 shares in the last quarter. Cetera Trust Company N.A grew its holdings in shares of Walt Disney by 1.2% during the third quarter. Cetera Trust Company N.A now owns 14,167 shares of the entertainment giant’s stock worth $1,363,000 after buying an additional 167 shares in the last quarter. Sky Investment Group LLC lifted its stake in shares of Walt Disney by 13.8% during the third quarter. Sky Investment Group LLC now owns 30,256 shares of the entertainment giant’s stock valued at $2,910,000 after buying an additional 3,670 shares during the period. RFP Financial Group LLC grew its stake in Walt Disney by 41.1% in the 3rd quarter. RFP Financial Group LLC now owns 6,712 shares of the entertainment giant’s stock worth $646,000 after acquiring an additional 1,956 shares during the period. Finally, DeDora Capital Inc. grew its position in shares of Walt Disney by 2.1% in the third quarter. DeDora Capital Inc. now owns 10,662 shares of the entertainment giant’s stock valued at $1,026,000 after purchasing an additional 219 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.26 during mid-day trading on Tuesday, reaching $96.88. 2,091,266 shares of the company traded hands, compared to its average volume of 10,924,781. The firm has a market cap of $176.62 billion, a PE ratio of 105.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. 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 Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The stock has a fifty day simple moving average of $91.94 and a 200-day simple moving average of $98.60.

Walt Disney (NYSE:DIS) last posted 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. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Macquarie reduced their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction 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. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

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.