Petra Financial Advisors Inc. Makes New $204,000 Investment in The Walt Disney Company $DIS

Petra Financial Advisors Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,644 shares of the entertainment giant’s stock, valued at approximately $204,000.

Several other large investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the first quarter worth $26,000. Harbor Asset Planning Inc. purchased a new position in Walt Disney in the second quarter worth $37,000. RMG Wealth Management LLC purchased a new position in Walt Disney in the second quarter worth $49,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Walt Disney by 41.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 135 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Trading Up 0.5%

Shares of DIS opened at $112.28 on Tuesday. 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 firm has a 50 day simple moving average of $114.56 and a 200-day simple moving average of $112.13. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market cap of $201.87 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.