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

Institute for Wealth Management LLC. raised its position in Walt Disney Co (NYSE:DIS) by 9.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 31,641 shares of the entertainment giant’s stock after acquiring an additional 2,858 shares during the period. Walt Disney makes up about 0.9% of Institute for Wealth Management LLC.’s holdings, making the stock its 20th largest position. Institute for Wealth Management LLC.’s holdings in Walt Disney were worth $3,528,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in Walt Disney in the first quarter valued at approximately $507,000. Foundations Investment Advisors LLC grew its stake in Walt Disney by 13.8% in the first 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 during the period. OLD Dominion Capital Management Inc. grew its stake in Walt Disney by 44.0% in the first 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 during the period. Chemung Canal Trust Co. lifted its holdings in shares of Walt Disney by 1.9% in the first quarter. Chemung Canal Trust Co. now owns 67,214 shares of the entertainment giant’s stock valued at $6,493,000 after purchasing an additional 1,258 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Walt Disney by 3.5% in the first quarter. Jacobi Capital Management LLC now owns 22,915 shares of the entertainment giant’s stock valued at $2,214,000 after purchasing an additional 765 shares in the last quarter. 62.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DIS traded up $1.28 during mid-day trading on Friday, hitting $116.94. The company had a trading volume of 9,623,821 shares, compared to its average volume of 10,175,387. The company has a market capitalization of $211.22 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 13.50 and a beta of 1.10. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average price is $115.68 and its 200-day moving average price is $117.27.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The company had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. Walt Disney’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. As a group, equities research analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current year.

A number of research firms have recently weighed in on DIS. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a report on Friday, June 26th. Cfra dropped their target price on Walt Disney from $160.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Macquarie restated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a report on Friday, June 19th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, May 6th. Finally, Guggenheim raised their target price on Walt Disney from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $125.35.

Walt Disney Company 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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