Thrive Wealth Management LLC Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Thrive Wealth Management LLC boosted its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 5.4% in the second quarter, HoldingsChannel.com reports. The fund owned 2,575 shares of the entertainment giant’s stock after purchasing an additional 131 shares during the period. Thrive Wealth Management LLC’s holdings in Walt Disney were worth $243,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. First American Trust FSB raised its holdings in Walt Disney by 7.3% during the first quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock worth $5,737,000 after purchasing an additional 2,852 shares in the last quarter. Northwest Investment Counselors LLC grew its holdings in shares of Walt Disney by 1.0% during the 1st quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock worth $3,291,000 after purchasing an additional 237 shares during the period. Marietta Wealth Management LLC boosted its holdings in Walt Disney by 9.3% in the 1st quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock worth $7,348,000 after acquiring an additional 4,566 shares during the period. Clark Capital Management Group Inc. boosted its stake in shares of Walt Disney by 27.8% during the 1st quarter. Clark Capital Management Group Inc. now owns 237,846 shares of the entertainment giant’s stock valued at $32,623,000 after buying an additional 51,721 shares during the last quarter. Finally, Alta Capital Management LLC increased its position in Walt Disney by 4.0% in the first quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock worth $57,320,000 after buying an additional 16,232 shares during the period. 61.37% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 2.3 %

NYSE:DIS opened at $108.25 on Monday. The Walt Disney Company has a one year low of $90.23 and a one year high of $185.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The firm has a market cap of $197.35 billion, a P/E ratio of 62.94, a P/E/G ratio of 1.41 and a beta of 1.20. The firm has a 50-day simple moving average of $109.40 and a 200-day simple moving average of $113.92.

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. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. KGI Securities began coverage on Walt Disney in a research report on Monday, May 23rd. They issued an “outperform” rating and a $145.00 price target for the company. Wells Fargo & Company lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Moffett Nathanson decreased their price objective on Walt Disney to $120.00 in a research note on Friday, July 22nd. Evercore ISI reduced their price objective on Walt Disney from $150.00 to $130.00 in a research report on Wednesday, July 27th. Finally, Wolfe Research dropped their price objective on Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $151.48.

Insider Activity

In related news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

About Walt Disney

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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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