Confluence Wealth Services Inc. Trims Stock Position in The Walt Disney Company $DIS

Confluence Wealth Services Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 2.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,733 shares of the entertainment giant’s stock after selling 273 shares during the period. Confluence Wealth Services Inc.’s holdings in Walt Disney were worth $1,455,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its stake in Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after acquiring an additional 87 shares during the period. Childress Capital Advisors LLC lifted its position in shares of Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after purchasing an additional 94 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. Finally, Clearstead Trust LLC increased its holdings in Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after buying an additional 99 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DIS shares. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Barclays upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Saturday, September 27th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

Shares of DIS stock opened at $112.49 on Monday. The firm has a market capitalization of $202.25 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. 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 stock’s 50-day simple moving average is $116.12 and its 200-day simple moving average is $110.10. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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