Opes Wealth Management LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Opes Wealth Management LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,853 shares of the entertainment giant’s stock after acquiring an additional 475 shares during the quarter. Opes Wealth Management LLC’s holdings in Walt Disney were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DIS. Quent Capital LLC raised its stake in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after acquiring an additional 327 shares during the period. Patron Partners LLC bought a new stake in Walt Disney in the 1st quarter valued at $231,000. Smith Salley Wealth Management purchased a new stake in Walt Disney in the 1st quarter worth $217,000. AA Financial Advisors LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $594,000. Finally, Chevy Chase Trust Holdings LLC grew its position in shares of Walt Disney by 11.3% during the first quarter. Chevy Chase Trust Holdings LLC now owns 1,642,461 shares of the entertainment giant’s stock valued at $200,972,000 after purchasing an additional 166,704 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Evercore ISI dropped their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five equities research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Trading Down 0.4 %

NYSE:DIS opened at $95.81 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $93.16 and a 200-day simple moving average of $97.34. The Walt Disney Company has a 12 month low of $81.82 and a 12 month high of $123.74. The company has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current year.

Walt Disney 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.