Optimum Investment Advisors Has $973,000 Position in The Walt Disney Company $DIS

Optimum Investment Advisors reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,848 shares of the entertainment giant’s stock after selling 600 shares during the period. Optimum Investment Advisors’ holdings in Walt Disney were worth $973,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its position 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 purchasing an additional 94 shares in the last quarter. Kessler Investment Group LLC boosted its position in shares of Walt Disney by 274.0% during 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 in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the 2nd quarter worth about $37,000. Finally, RMG Wealth Management LLC bought a new position in shares of Walt Disney during the 2nd quarter worth about $49,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock opened at $111.64 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company’s 50 day moving average price is $114.64 and its two-hundred day moving average price is $111.84. 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 stock has a market cap of $200.72 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.46 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DIS shares. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a research report on Friday, October 17th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.90.

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.