Triad Wealth Partners LLC Makes New Investment in The Walt Disney Company $DIS

Triad Wealth Partners LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,848 shares of the entertainment giant’s stock, valued at approximately $229,000.

A number of other institutional investors also recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. increased its holdings in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter worth approximately $26,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Walt Disney by 41.5% during the second 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 during the period. Finally, First PREMIER Bank boosted its stake in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $112.49 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm’s 50-day simple moving average is $116.12 and its two-hundred day simple moving average is $109.95. The stock has a market cap of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

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.