Gradient Investments LLC Purchases 325 Shares of The Walt Disney Company (NYSE:DIS)

Gradient Investments LLC lifted its position in The Walt Disney Company (NYSE:DISGet Rating) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,092 shares of the entertainment giant’s stock after purchasing an additional 325 shares during the quarter. Gradient Investments LLC’s holdings in Walt Disney were worth $858,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Clear Perspectives Financial Planning LLC increased its holdings in shares of Walt Disney by 126.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after purchasing an additional 101 shares during the period. Roble Belko & Company Inc grew its position in Walt Disney by 96.2% in the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Worth Asset Management LLC purchased a new position in Walt Disney in the first quarter worth $29,000. Rational Advisors LLC grew its position in Walt Disney by 74.1% in the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 103 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its position in Walt Disney by 94.7% in the fourth 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. Institutional investors own 61.37% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the firm’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 of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIS. Evercore ISI cut their target price on shares of Walt Disney from $150.00 to $130.00 in a research report on Wednesday, July 27th. The Goldman Sachs Group upped their target price on shares of Walt Disney from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. KGI Securities began coverage on shares of Walt Disney in a research report on Monday, May 23rd. They issued an “outperform” rating and a $145.00 target price for the company. Rosenblatt Securities upped their target price on shares of Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Royal Bank of Canada set a $150.00 price target on shares of Walt Disney in a research report on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Walt Disney Price Performance

DIS stock opened at $109.17 on Tuesday. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $182.23. The company has a market cap of $199.02 billion, a P/E ratio of 62.53, a PEG ratio of 1.41 and a beta of 1.20. The firm has a 50-day moving average of $109.40 and a 200 day moving average of $113.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.97.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. Walt Disney’s revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 3.85 EPS for the current 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.

Further Reading

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

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