Resurgent Financial Advisors LLC Has $500,000 Stake in The Walt Disney Company (NYSE:DIS)

Resurgent Financial Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 59.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,199 shares of the entertainment giant’s stock after selling 7,596 shares during the quarter. Resurgent Financial Advisors LLC’s holdings in Walt Disney were worth $500,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DIS. CX Institutional grew its stake in shares of Walt Disney by 1.3% during the second quarter. CX Institutional now owns 9,092 shares of the entertainment giant’s stock valued at $903,000 after purchasing an additional 115 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Walt Disney by 8.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 16,320 shares of the entertainment giant’s stock valued at $1,620,000 after acquiring an additional 1,332 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in Walt Disney by 88.8% in the second quarter. DHJJ Financial Advisors Ltd. now owns 1,057 shares of the entertainment giant’s stock valued at $105,000 after acquiring an additional 497 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Walt Disney by 18.1% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,139 shares of the entertainment giant’s stock valued at $1,305,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Accel Wealth Management boosted its stake in Walt Disney by 33.2% in the second quarter. Accel Wealth Management now owns 4,158 shares of the entertainment giant’s stock valued at $413,000 after acquiring an additional 1,036 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DIS shares. Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Macquarie raised their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Stock Up 0.5 %

Shares of DIS stock opened at $116.98 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm’s fifty day moving average price is $101.86 and its two-hundred day moving average price is $97.46. The firm has a market capitalization of $211.84 billion, a P/E ratio of 43.17, a PEG ratio of 2.18 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.38 EPS for the current fiscal year.

About Walt Disney

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.