Resources Management Corp CT ADV Reduces Stock Holdings in The Walt Disney Company $DIS

Resources Management Corp CT ADV reduced its holdings in The Walt Disney Company (NYSE:DIS) by 44.2% during the 1st quarter, Holdings Channel reports. The fund owned 10,560 shares of the entertainment giant’s stock after selling 8,369 shares during the period. Resources Management Corp CT ADV’s holdings in Walt Disney were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $27,000. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DIS. Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS opened at $117.93 on Friday. The firm has a 50-day simple moving average of $119.01 and a 200-day simple moving average of $108.78. The stock has a market capitalization of $212.03 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.