Walkner Condon Financial Advisors LLC Invests $245,000 in The Walt Disney Company (NYSE:DIS)

Walkner Condon Financial Advisors LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,545 shares of the entertainment giant’s stock, valued at approximately $245,000.

Several other institutional investors also recently added to or reduced their stakes in DIS. Concurrent Investment Advisors LLC raised its position in Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Lmcg Investments LLC raised its holdings in shares of Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after buying an additional 23,116 shares during the last quarter. PGGM Investments acquired a new stake in shares of Walt Disney during the first quarter worth about $1,036,000. Nisa Investment Advisors LLC grew its holdings in shares of Walt Disney by 22.2% during the third quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock worth $67,803,000 after buying an additional 127,859 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after acquiring an additional 6,118 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of recent research reports. Macquarie decreased their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Bank of America dropped their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Price Performance

Walt Disney stock opened at $98.94 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 firm’s 50-day simple moving average is $93.54 and its 200 day simple moving average is $97.12. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market capitalization of $179.44 billion, a PE ratio of 38.05, a P/E/G ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 4.93 EPS for the current fiscal 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.