Westwood Wealth Management Buys Shares of 1,725 The Walt Disney Company $DIS

Westwood Wealth Management purchased a new position in The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,725 shares of the entertainment giant’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. boosted its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth about $26,000. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney in the 2nd quarter worth about $37,000. RMG Wealth Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth about $49,000. Finally, Wolff Wiese Magana LLC increased its stake in Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $112.70 on Friday. The company has a market capitalization of $202.63 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The business’s fifty day moving average is $114.12 and its 200 day moving average is $112.88. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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 analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.