Larson Financial Group LLC Has $1 Million Stock Position in Walt Disney Co (NYSE:DIS)

Larson Financial Group LLC boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 81.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,703 shares of the entertainment giant’s stock after buying an additional 3,460 shares during the period. Larson Financial Group LLC’s holdings in Walt Disney were worth $1,004,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DIS. Centerpoint Advisors LLC grew its stake in shares of Walt Disney by 276.5% in the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 141 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Walt Disney in the second quarter valued at $39,000. Advocacy Wealth Management Services LLC grew its stake in shares of Walt Disney by 52.8% in the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 132 shares in the last quarter. MRA Associates USA LLC bought a new position in shares of Walt Disney in the second quarter valued at $53,000. Finally, NewSquare Capital LLC grew its stake in shares of Walt Disney by 24.9% in the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 68.40% of the company’s stock.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction on Monday, July 29th. The shares were sold at an average price of $146.68, for a total transaction of $322,696.00. Following the completion of the transaction, the executive vice president now directly owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

DIS stock traded up $0.76 during midday trading on Friday, reaching $130.10. 2,310,098 shares of the company were exchanged, compared to its average volume of 8,495,506. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The business has a 50-day moving average price of $133.98 and a two-hundred day moving average price of $134.24. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The firm has a market capitalization of $235.10 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 4.23 and a beta of 0.96.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The company had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. During the same period last year, the firm earned $1.87 earnings per share. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, analysts anticipate that Walt Disney Co will post 5.74 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on DIS shares. Loop Capital raised their target price on shares of Walt Disney to $165.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Bank of America set a $168.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research note on Monday, June 24th. Credit Suisse Group reissued a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research note on Thursday, August 8th. Sanford C. Bernstein set a $130.00 target price on shares of Walt Disney and gave the company a “hold” rating in a research note on Thursday, September 12th. Finally, Morgan Stanley set a $160.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $151.31.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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