MPS Loria Financial Planners LLC Increases Position in The Walt Disney Company (NYSE:DIS)

MPS Loria Financial Planners LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,291 shares of the entertainment giant’s stock after buying an additional 195 shares during the period. MPS Loria Financial Planners LLC’s holdings in Walt Disney were worth $413,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Austin Private Wealth LLC purchased a new stake in Walt Disney during the first quarter worth $234,000. Capital Advisors Wealth Management LLC acquired a new position in shares of Walt Disney during the first quarter worth $229,000. DLK Investment Management LLC increased its position in shares of Walt Disney by 8.8% during the first quarter. DLK Investment Management LLC now owns 31,124 shares of the entertainment giant’s stock worth $3,808,000 after purchasing an additional 2,527 shares in the last quarter. Hoxton Planning & Management LLC acquired a new position in shares of Walt Disney during the first quarter worth $240,000. Finally, ARGA Investment Management LP increased its position in shares of Walt Disney by 119.7% during the first quarter. ARGA Investment Management LP now owns 423,977 shares of the entertainment giant’s stock worth $51,878,000 after purchasing an additional 231,024 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Macquarie cut their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Finally, Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Down 0.6 %

DIS stock opened at $96.67 on Tuesday. The company has a market cap of $176.23 billion, a price-to-earnings ratio of 105.08, a PEG ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74. The firm has a 50-day moving average of $91.94 and a two-hundred day moving average of $98.60.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price 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 approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Profile

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.