Institute for Wealth Management LLC. Has $3.53 Million Position in Walt Disney Co (NYSE:DIS)

Institute for Wealth Management LLC. raised its stake in shares of Walt Disney Co (NYSE:DIS) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,641 shares of the entertainment giant’s stock after buying an additional 2,858 shares during the quarter. Walt Disney comprises 0.9% of Institute for Wealth Management LLC.’s portfolio, making the stock its 20th biggest position. Institute for Wealth Management LLC.’s holdings in Walt Disney were worth $3,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of DIS. Exchange Traded Concepts LLC bought a new stake in Walt Disney in the 1st quarter valued at approximately $507,000. Foundations Investment Advisors LLC lifted its stake in Walt Disney by 13.8% in the 1st quarter. Foundations Investment Advisors LLC now owns 2,126 shares of the entertainment giant’s stock valued at $202,000 after acquiring an additional 257 shares in the last quarter. OLD Dominion Capital Management Inc. lifted its stake in Walt Disney by 44.0% in the 1st quarter. OLD Dominion Capital Management Inc. now owns 41,130 shares of the entertainment giant’s stock valued at $3,973,000 after acquiring an additional 12,577 shares in the last quarter. Chemung Canal Trust Co. lifted its stake in Walt Disney by 1.9% in the 1st quarter. Chemung Canal Trust Co. now owns 67,214 shares of the entertainment giant’s stock valued at $6,493,000 after acquiring an additional 1,258 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in Walt Disney by 3.5% in the 1st quarter. Jacobi Capital Management LLC now owns 22,915 shares of the entertainment giant’s stock valued at $2,214,000 after acquiring an additional 765 shares in the last quarter. Institutional investors own 62.66% of the company’s stock.

NYSE DIS traded up $1.28 on Friday, reaching $116.94. The stock had a trading volume of 9,623,821 shares, compared to its average volume of 10,175,387. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The firm has a fifty day moving average of $115.68 and a two-hundred day moving average of $117.27. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41. The company has a market cap of $211.22 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 13.50 and a beta of 1.10.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same period in the prior year, the company earned $1.61 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Research analysts predict that Walt Disney Co will post 1.38 EPS for the current fiscal year.

DIS has been the topic of several research reports. Citigroup cut their target price on Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Guggenheim upped their price objective on Walt Disney from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Cowen cut Walt Disney from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $101.00 to $97.00 in a research note on Thursday, July 16th. Macquarie reiterated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research note on Friday, June 19th. Finally, Goldman Sachs Group began coverage on Walt Disney in a research note on Monday, July 13th. They set a “buy” rating and a $137.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $125.35.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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