Wealth Enhancement Advisory Services LLC Has $104.83 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Wealth Enhancement Advisory Services LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,089,798 shares of the entertainment giant’s stock after purchasing an additional 15,925 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of Walt Disney worth $104,828,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. PFG Investments LLC increased its position in shares of Walt Disney by 37.5% during the 3rd quarter. PFG Investments LLC now owns 53,255 shares of the entertainment giant’s stock worth $5,123,000 after purchasing an additional 14,535 shares in the last quarter. Pathway Financial Advisers LLC increased its position in Walt Disney by 9,500.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 102,146 shares of the entertainment giant’s stock valued at $9,825,000 after acquiring an additional 101,082 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Walt Disney by 3.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 197,449 shares of the entertainment giant’s stock valued at $18,993,000 after acquiring an additional 6,548 shares in the last quarter. Sageworth Trust Co acquired a new stake in Walt Disney in the 3rd quarter valued at about $232,000. Finally, Forsta AP Fonden increased its position in Walt Disney by 9.0% in the 3rd quarter. Forsta AP Fonden now owns 472,500 shares of the entertainment giant’s stock valued at $45,450,000 after acquiring an additional 39,100 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.4 %

Shares of Walt Disney stock traded down $0.37 on Friday, hitting $95.03. The stock had a trading volume of 6,638,148 shares, compared to its average volume of 10,864,460. The stock has a 50 day moving average of $92.61 and a 200 day moving average of $98.26. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $173.24 billion, a P/E ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Sell-side analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Barclays lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Wednesday. Loop Capital lowered their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insiders Place Their Bets

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

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.