Sigma Investment Counselors Inc. Purchases 840 Shares of The Walt Disney Company $DIS

Sigma Investment Counselors Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 27.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,903 shares of the entertainment giant’s stock after acquiring an additional 840 shares during the period. Sigma Investment Counselors Inc.’s holdings in Walt Disney were worth $484,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter valued at $37,000. Finally, First PREMIER Bank raised its position in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DIS shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

Walt Disney stock opened at $110.69 on Friday. The stock has a market capitalization of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-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 stock’s 50 day moving average price is $114.86 and its two-hundred day moving average price is $110.83.

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