Archford Capital Strategies LLC Purchases 110 Shares of The Walt Disney Company (NYSE:DIS)

Archford Capital Strategies LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 8,551 shares of the entertainment giant’s stock after purchasing an additional 110 shares during the quarter. Archford Capital Strategies LLC’s holdings in Walt Disney were worth $1,447,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Walt Disney by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 136,666,060 shares of the entertainment giant’s stock valued at $24,021,793,000 after purchasing an additional 940,877 shares during the period. BlackRock Inc. raised its stake in shares of Walt Disney by 2.2% during the 2nd quarter. BlackRock Inc. now owns 119,480,524 shares of the entertainment giant’s stock valued at $21,001,090,000 after purchasing an additional 2,623,659 shares during the period. State Street Corp raised its stake in shares of Walt Disney by 1.9% during the 2nd quarter. State Street Corp now owns 71,914,682 shares of the entertainment giant’s stock valued at $12,640,444,000 after purchasing an additional 1,355,380 shares during the period. Morgan Stanley raised its stake in shares of Walt Disney by 1.9% during the 2nd quarter. Morgan Stanley now owns 32,666,477 shares of the entertainment giant’s stock valued at $5,741,785,000 after purchasing an additional 595,313 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 27,929,476 shares of the entertainment giant’s stock valued at $4,893,596,000 after purchasing an additional 813,689 shares during the period. Institutional investors own 64.08% of the company’s stock.

In other Walt Disney news, CEO Robert A. Chapek sold 10,587 shares of the stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

A number of equities analysts have weighed in on DIS shares. Atlantic Securities lowered Walt Disney from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $219.00 to $172.00 in a research note on Thursday, November 11th. Rosenblatt Securities restated a “buy” rating and issued a $219.00 target price on shares of Walt Disney in a research note on Wednesday, November 10th. Barclays lowered Walt Disney from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $210.00 to $175.00 in a research note on Monday, October 18th. Bank of America decreased their target price on Walt Disney from $223.00 to $191.00 and set a “buy” rating on the stock in a research note on Thursday, November 11th. Finally, JPMorgan Chase & Co. cut their price objective on Walt Disney from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Thursday, November 11th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Buy” and an average target price of $200.15.

Shares of DIS stock opened at $151.34 on Thursday. The stock has a market capitalization of $275.00 billion, a PE ratio of 138.84, a P/E/G ratio of 1.49 and a beta of 1.17. The Walt Disney Company has a 1-year low of $146.29 and a 1-year high of $203.02. The business has a 50-day moving average of $170.25 and a 200 day moving average of $175.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.04.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.13). Walt Disney had a return on equity of 4.86% and a net margin of 2.96%. During the same period in the previous year, the firm posted ($0.20) earnings per share. Analysts anticipate that The Walt Disney Company will post 4.74 EPS for the current year.

Walt Disney Company Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

Further Reading: Straddles

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

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