Chemistry Wealth Management LLC Lowers Stock Holdings in The Walt Disney Company $DIS

Chemistry Wealth Management LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.8% during the second quarter, HoldingsChannel.com reports. The firm owned 12,903 shares of the entertainment giant’s stock after selling 107 shares during the period. Chemistry Wealth Management LLC’s holdings in Walt Disney were worth $1,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management acquired a new stake in Walt Disney during the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIS. Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Rosenblatt Securities lifted their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Down 0.9%

Walt Disney stock opened at $116.02 on Monday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $208.60 billion, a P/E ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The stock has a 50-day simple moving average of $118.34 and a 200-day simple moving average of $108.99.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current 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.