Walt Disney Co (NYSE:DIS) Shares Purchased by Principle Wealth Partners LLC

Principle Wealth Partners LLC increased its position in shares of Walt Disney Co (NYSE:DIS) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,310 shares of the entertainment giant’s stock after acquiring an additional 500 shares during the period. Principle Wealth Partners LLC’s holdings in Walt Disney were worth $1,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Centerpoint Advisors LLC grew its holdings in Walt Disney by 276.5% in the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 141 shares during the period. JJJ Advisors Inc. grew its stake in shares of Walt Disney by 96.8% in the 3rd quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at approximately $36,000. SRS Capital Advisors Inc. purchased a new position in shares of Walt Disney in the 2nd quarter valued at approximately $39,000. Finally, Advocacy Wealth Management Services LLC grew its stake in shares of Walt Disney by 52.8% in the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 132 shares during the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

DIS stock traded up $5.00 during trading on Friday, reaching $137.96. 23,891,567 shares of the stock were exchanged, compared to its average volume of 7,565,782. Walt Disney Co has a twelve month low of $100.35 and a twelve month high of $147.15. The company has a market capitalization of $248.52 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96. The stock has a 50 day simple moving average of $131.00 and a 200-day simple moving average of $136.12. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38.

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Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $19.10 billion for the quarter, compared to the consensus estimate of $19.02 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the business earned $1.48 earnings per share. Equities analysts predict that Walt Disney Co will post 5.74 EPS for the current year.

A number of analysts recently weighed in on the company. Moffett Nathanson set a $150.00 price target on Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 7th. Morgan Stanley set a $160.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, September 27th. Finally, UBS Group lowered their price target on Walt Disney from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and an average target price of $150.47.

About Walt Disney

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.

Further Reading: Bid-Ask Spread

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

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