The Walt Disney Company (NYSE:DIS) Position Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in The Walt Disney Company (NYSE:DIS) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 105,614 shares of the entertainment giant’s stock after purchasing an additional 4,401 shares during the period. Avantax Advisory Services Inc.’s holdings in Walt Disney were worth $12,923,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mcdonald Partners LLC increased its position in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after purchasing an additional 88 shares in the last quarter. Sendero Wealth Management LLC increased its position in Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after buying an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its stake in Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares during the last quarter. Pflug Koory LLC boosted its holdings in Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after acquiring an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its stake in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS traded up $1.61 during trading hours on Tuesday, reaching $98.48. 10,746,022 shares of the company’s stock traded hands, compared to its average volume of 11,286,843. The firm has a market capitalization of $179.53 billion, a price-to-earnings ratio of 106.52, a P/E/G ratio of 1.21 and a beta of 1.40. The business’s fifty day simple moving average is $101.39 and its two-hundred day simple moving average is $105.18. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a research note on Wednesday, July 3rd. Finally, UBS Group dropped their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Profile

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.