Apella Capital LLC Increases Stake in The Walt Disney Company $DIS

Apella Capital LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 109.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,904 shares of the entertainment giant’s stock after acquiring an additional 10,395 shares during the quarter. Apella Capital LLC’s holdings in Walt Disney were worth $2,451,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Clearstead Trust LLC boosted its stake in Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock worth $1,629,000 after buying an additional 99 shares during the last quarter. Aspen Investment Management Inc boosted its stake in Walt Disney by 3.5% during the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock worth $290,000 after buying an additional 100 shares during the last quarter. Hemington Wealth Management boosted its stake in Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock worth $555,000 after buying an additional 105 shares during the last quarter. Leigh Baldwin & CO. LLC boosted its stake in Walt Disney by 2.2% during the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant’s stock worth $493,000 after buying an additional 108 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock worth $2,578,000 after buying an additional 113 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $115.66 on Tuesday. The stock’s 50-day moving average is $118.19 and its two-hundred day moving average is $109.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $207.95 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, September 4th. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Company 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.