AE Wealth Management LLC Buys 30,805 Shares of The Walt Disney Company (NYSE:DIS)

AE Wealth Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 14.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,960 shares of the entertainment giant’s stock after acquiring an additional 30,805 shares during the period. AE Wealth Management LLC’s holdings in Walt Disney were worth $23,726,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DIS. Gryphon Financial Partners LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $603,000. CreativeOne Wealth LLC grew its holdings in shares of Walt Disney by 20.1% in the 4th quarter. CreativeOne Wealth LLC now owns 8,128 shares of the entertainment giant’s stock valued at $734,000 after acquiring an additional 1,358 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Walt Disney by 100.0% in the 4th quarter. Assetmark Inc. now owns 30,298 shares of the entertainment giant’s stock valued at $2,736,000 after acquiring an additional 15,146 shares in the last quarter. Tidemark LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $111,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $85,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Macquarie reduced their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reduced their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Stock Down 0.1 %

NYSE DIS opened at $93.46 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a 50 day moving average of $90.73 and a 200-day moving average of $102.10. The company has a market cap of $170.38 billion, a price-to-earnings ratio of 101.59, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 4.92 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.