Chemistry Wealth Management LLC Sells 107 Shares of The Walt Disney Company $DIS

Chemistry Wealth Management LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,903 shares of the entertainment giant’s stock after selling 107 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Walt Disney were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in shares of Walt Disney by 15.2% during the fourth quarter. Thornburg Investment Management Inc. now owns 43,016 shares of the entertainment giant’s stock valued at $4,790,000 after acquiring an additional 5,668 shares in the last quarter. Tang Capital Management LLC increased its holdings in shares of Walt Disney by 48.2% during the fourth quarter. Tang Capital Management LLC now owns 13,095 shares of the entertainment giant’s stock valued at $1,458,000 after acquiring an additional 4,261 shares in the last quarter. Stonebrook Private Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at $219,000. Finally, State of Wyoming boosted its position in shares of Walt Disney by 443.6% during the fourth quarter. State of Wyoming now owns 5,414 shares of the entertainment giant’s stock valued at $603,000 after buying an additional 4,418 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DIS shares. Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, September 4th. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Finally, Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Trading Down 0.9%

Shares of NYSE:DIS opened at $116.02 on Monday. The business’s 50-day moving average is $118.34 and its 200 day moving average is $108.99. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market capitalization of $208.60 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. On average, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.