Boenning & Scattergood Inc. Has $3.33 Million Stake in The Walt Disney Company (NYSE:DIS)

Boenning & Scattergood Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 9.1% during the second quarter, Holdings Channel.com reports. The firm owned 35,261 shares of the entertainment giant’s stock after buying an additional 2,942 shares during the period. Boenning & Scattergood Inc.’s holdings in Walt Disney were worth $3,329,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Summit Global Investments raised its stake in shares of Walt Disney by 21.1% during the fourth quarter. Summit Global Investments now owns 4,078 shares of the entertainment giant’s stock worth $632,000 after buying an additional 711 shares during the last quarter. ETF Managers Group LLC raised its stake in shares of Walt Disney by 4.9% during the fourth quarter. ETF Managers Group LLC now owns 3,699 shares of the entertainment giant’s stock worth $577,000 after buying an additional 174 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth approximately $2,932,000. Partners Capital Investment Group LLP raised its stake in shares of Walt Disney by 33.8% during the fourth quarter. Partners Capital Investment Group LLP now owns 27,730 shares of the entertainment giant’s stock worth $4,295,000 after buying an additional 7,009 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Walt Disney by 2.2% during the fourth quarter. IHT Wealth Management LLC now owns 37,247 shares of the entertainment giant’s stock worth $5,769,000 after buying an additional 799 shares during the last quarter. 61.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on DIS. Truist Financial dropped their price target on shares of Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Evercore ISI dropped their price target on shares of Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Wells Fargo & Company boosted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Morgan Stanley lowered their target price on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Finally, Moffett Nathanson lowered their target price on shares of Walt Disney to $120.00 in a research note on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Stock Performance

Shares of DIS opened at $102.16 on Friday. The Walt Disney Company has a 12 month low of $90.23 and a 12 month high of $179.63. The firm has a fifty day simple moving average of $110.43 and a 200 day simple moving average of $113.15. The stock has a market capitalization of $186.24 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Walt Disney (NYSE:DISGet Rating) last announced its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction on Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the sale, the executive vice president now owns 28,624 shares in the company, valued at $3,407,114.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further Reading

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

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