Avaii Wealth Management LLC grew its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 14.2% during the 1st quarter, HoldingsChannel reports. The firm owned 6,013 shares of the entertainment giant’s stock after acquiring an additional 748 during the quarter. Walt Disney makes up approximately 0.8% of Avaii Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Avaii Wealth Management LLC’s holdings in Walt Disney were worth $825,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Syverson Strege & Co boosted its holdings in shares of Walt Disney by 384.8% in the 4th quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock worth $25,000 after acquiring an additional 127 shares in the last quarter. Sandy Cove Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $27,000. MBM Wealth Consultants LLC boosted 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 worth $34,000 after acquiring an additional 107 shares in the last quarter. Advanced Research Investment Solutions LLC boosted 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 worth $36,000 after acquiring an additional 75 shares in the last quarter. Finally, Delos Wealth Advisors LLC lifted its holdings in Walt Disney by 2,933.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock worth $42,000 after buying an additional 264 shares in the last quarter. Institutional investors own 64.17% of the company’s stock.
Several research analysts have issued reports on DIS shares. Rosenblatt Securities started coverage on Walt Disney in a report on Tuesday, April 19th. They set a “buy” rating and a $177.00 price objective on the stock. Credit Suisse Group reduced their objective price on Walt Disney from $218.00 to $170.00 in a report on Thursday, May 12th. Barclays reduced their price objective on Walt Disney from $168.00 to $130.00 in a report on Friday, May 13th. KGI Securities started coverage on Walt Disney in a report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price objective on the stock. Finally, Moffett Nathanson reduced their objective price on Walt Disney from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, March 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.56.
DIS opened at $97.78 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The Walt Disney Company has a 12 month low of $92.01 and a 12 month high of $187.58. The company has a fifty day simple moving average of $107.42 and a 200 day simple moving average of $131.78. The stock has a market cap of $178.02 billion, a P/E ratio of 67.43, a P/E/G ratio of 1.14 and a beta of 1.21.
Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same quarter in the prior year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 4.03 earnings per share for the current fiscal year.
Walt Disney Company Profile (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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