Facet Wealth Inc. Takes $293,000 Position in The Walt Disney Company $DIS

Facet Wealth Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,464 shares of the entertainment giant’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Walt Disney by 7.7% during the 4th 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 during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Walt Disney by 19.7% during the 1st quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock valued at $713,000 after acquiring an additional 1,188 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Walt Disney by 56.2% during the first quarter. Root Financial Partners LLC now owns 3,064 shares of the entertainment giant’s stock valued at $302,000 after purchasing an additional 1,102 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Walt Disney by 1.1% during the first quarter. Amalgamated Bank now owns 356,217 shares of the entertainment giant’s stock valued at $35,159,000 after purchasing an additional 3,984 shares during the last quarter. Finally, Albion Financial Group UT lifted its holdings in shares of Walt Disney by 4.7% during the first quarter. Albion Financial Group UT now owns 105,029 shares of the entertainment giant’s stock valued at $10,366,000 after purchasing an additional 4,722 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.5%

DIS stock opened at $112.28 on Tuesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market cap of $201.87 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.46 and a beta of 1.54. The company has a 50 day moving average of $114.56 and a two-hundred day moving average of $112.13.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the company earned $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.90.

About Walt Disney

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.