2,804 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,804 shares of the entertainment giant’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Vanguard Group Inc. boosted its stake in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after buying an additional 425,438 shares during the period. Jennison Associates LLC bought a new stake in Walt Disney in the 1st quarter valued at about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.8 %

Walt Disney stock opened at $97.28 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $177.35 billion, a P/E ratio of 105.74, a P/E/G ratio of 1.49 and a beta of 1.40. The firm has a 50 day moving average price of $91.72 and a 200-day moving average price of $98.89. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74.

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

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DIS shares. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital lowered their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.05.

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.