Avior Wealth Management LLC Grows Stake in The Walt Disney Company $DIS

Avior Wealth Management LLC raised its stake in The Walt Disney Company (NYSE:DIS) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,526 shares of the entertainment giant’s stock after acquiring an additional 2,979 shares during the quarter. Avior Wealth Management LLC’s holdings in Walt Disney were worth $6,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. lifted its holdings in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after buying an additional 94 shares during the last quarter. Clearstead Trust LLC raised its position in shares of Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after buying an additional 99 shares during the last quarter. Aspen Investment Management Inc raised its position in shares of Walt Disney by 3.5% during the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after buying an additional 100 shares during the last quarter. Finally, Hemington Wealth Management raised its position in shares of Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after buying an additional 105 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. JPMorgan Chase & Co. lifted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Trading Up 0.4%

DIS stock opened at $113.46 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $203.99 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The firm’s fifty day simple moving average is $116.96 and its two-hundred day simple moving average is $109.52.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that The Walt Disney Company will post 5.47 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.