Diversify Wealth Management LLC Has $2.30 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Diversify Wealth Management LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,906 shares of the entertainment giant’s stock after buying an additional 1,201 shares during the quarter. Diversify Wealth Management LLC’s holdings in Walt Disney were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DIS. First Trust Direct Indexing L.P. boosted its holdings in Walt Disney by 1.5% during the third quarter. First Trust Direct Indexing L.P. now owns 60,043 shares of the entertainment giant’s stock valued at $5,776,000 after acquiring an additional 883 shares during the period. WASHINGTON TRUST Co lifted its position in shares of Walt Disney by 1.3% during the 3rd quarter. WASHINGTON TRUST Co now owns 123,841 shares of the entertainment giant’s stock worth $11,912,000 after purchasing an additional 1,634 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in Walt Disney during the 3rd quarter valued at approximately $950,000. AMI Asset Management Corp acquired a new stake in Walt Disney in the 3rd quarter valued at approximately $221,000. Finally, Trajan Wealth LLC grew its holdings in Walt Disney by 108.1% in the 3rd quarter. Trajan Wealth LLC now owns 79,654 shares of the entertainment giant’s stock valued at $7,662,000 after buying an additional 41,371 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DIS shares. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Trading Up 0.3 %

DIS stock traded up $0.25 during midday trading on Wednesday, reaching $96.38. The stock had a trading volume of 2,464,047 shares, compared to its average volume of 10,791,769. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $80.18 and a twelve month high of $123.74. The firm has a market cap of $175.70 billion, a price-to-earnings ratio of 104.49, a PEG ratio of 1.49 and a beta of 1.40. The business has a fifty day simple moving average of $92.84 and a two-hundred day simple moving average of $97.71.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

About Walt Disney

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.