Woodmont Investment Counsel LLC Has $1.19 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Woodmont Investment Counsel LLC raised its position in The Walt Disney Company (NYSE:DIS) by 6.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,380 shares of the entertainment giant’s stock after purchasing an additional 754 shares during the period. Woodmont Investment Counsel LLC’s holdings in Walt Disney were worth $1,191,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC lifted its position in Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after buying an additional 108 shares during the last quarter. ADE LLC raised its position in Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after purchasing an additional 110 shares during the period. Cozad Asset Management Inc. boosted its position in shares of Walt Disney by 1.9% during the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after buying an additional 110 shares during the period. Absher Wealth Management LLC grew its stake in shares of Walt Disney by 0.8% during the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after buying an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its holdings in shares of Walt Disney by 2.3% in the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock worth $493,000 after buying an additional 112 shares during the period. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Evercore ISI cut their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Trading Up 2.3 %

Shares of Walt Disney stock opened at $98.89 on Thursday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week 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 company has a market cap of $179.35 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The firm has a 50-day simple moving average of $93.54 and a two-hundred day simple moving average of $97.12.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

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.