United Asset Strategies Inc. Acquires 725 Shares of The Walt Disney Company $DIS

United Asset Strategies Inc. increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,684 shares of the entertainment giant’s stock after purchasing an additional 725 shares during the quarter. United Asset Strategies Inc.’s holdings in Walt Disney were worth $7,897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. boosted its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the second quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $53,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Stephens restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a report on Friday, October 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Up 2.4%

Shares of DIS opened at $114.93 on Wednesday. The firm has a market cap of $206.64 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm’s 50-day simple moving average is $113.26 and its 200 day simple moving average is $114.33.

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.