McKinley Carter Wealth Services Inc. decreased its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,264 shares of the entertainment giant’s stock after selling 113 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Walt Disney were worth $653,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. J. Safra Sarasin Holding AG boosted its stake in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares during the period. Planning Directions Inc. bought a new position in shares of Walt Disney in the first quarter worth about $326,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the second quarter worth about $4,220,599,000. Wedge Capital Management L L P NC boosted its stake in shares of Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after acquiring an additional 316,707 shares during the period. Finally, WoodTrust Financial Corp boosted its stake in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after acquiring an additional 6,047 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.
Walt Disney Trading Down 1.6%
Shares of DIS stock opened at $109.17 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $115.36 and its two-hundred day simple moving average is $110.34. The company has a market cap of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on DIS. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.18.
View Our Latest Research Report on Walt Disney
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.
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