Smith Salley & Associates Raises Holdings in The Walt Disney Company (NYSE:DIS)

Smith Salley & Associates boosted its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,717 shares of the entertainment giant’s stock after purchasing an additional 2,605 shares during the quarter. Smith Salley & Associates’ holdings in Walt Disney were worth $15,872,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sandy Cove Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth about $27,000. Roble Belko & Company Inc increased its holdings in shares of Walt Disney by 96.2% in the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 107 shares during the last quarter. Joseph Group Capital Management purchased a new position in shares of Walt Disney in the 4th quarter valued at about $1,573,000. Finally, Advanced Research Investment Solutions LLC increased its holdings in shares of Walt Disney by 46.0% in the 4th quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant’s stock valued at $36,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.

Walt Disney Stock Down 0.5 %

Walt Disney stock opened at $123.70 on Tuesday. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $187.58. The stock has a 50 day moving average of $100.89 and a two-hundred day moving average of $119.40. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $225.51 billion, a price-to-earnings ratio of 72.24, a PEG ratio of 1.54 and a beta of 1.25.

Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. As a group, research analysts expect that The Walt Disney Company will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DIS. Morgan Stanley dropped their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. Truist Financial dropped their price objective on Walt Disney from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Credit Suisse Group dropped their price objective on Walt Disney from $170.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Guggenheim raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $145.00 in a research report on Thursday, August 11th. Finally, KeyCorp upped their target price on Walt Disney from $131.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Insider Activity

In other news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the sale, the executive vice president now directly owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

About Walt Disney

(Get Rating)

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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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