The Walt Disney Company (NYSE:DIS) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,365 shares of the entertainment giant’s stock after purchasing an additional 62 shares during the quarter. Kingsview Wealth Management LLC’s holdings in The Walt Disney were worth $5,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DIS. Eudaimonia Partners LLC raised its position in shares of The Walt Disney by 0.6% during the 3rd quarter. Eudaimonia Partners LLC now owns 12,789 shares of the entertainment giant’s stock worth $173,000 after purchasing an additional 70 shares during the period. Platform Technology Partners grew its holdings in The Walt Disney by 0.9% in the 3rd quarter. Platform Technology Partners now owns 9,090 shares of the entertainment giant’s stock worth $1,128,000 after buying an additional 81 shares in the last quarter. Winning Points Advisors LLC grew its holdings in The Walt Disney by 2.1% in the 2nd quarter. Winning Points Advisors LLC now owns 4,052 shares of the entertainment giant’s stock worth $452,000 after buying an additional 85 shares in the last quarter. Dempze Nancy E grew its holdings in The Walt Disney by 0.4% in the 3rd quarter. Dempze Nancy E now owns 21,435 shares of the entertainment giant’s stock worth $2,660,000 after buying an additional 95 shares in the last quarter. Finally, Schulhoff & Co. Inc. grew its holdings in The Walt Disney by 1.1% in the 3rd quarter. Schulhoff & Co. Inc. now owns 8,491 shares of the entertainment giant’s stock worth $1,053,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 57.46% of the company’s stock.

DIS has been the subject of a number of recent analyst reports. UBS Group increased their price objective on The Walt Disney from $166.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, December 11th. The Goldman Sachs Group increased their price objective on The Walt Disney from $142.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, November 13th. Truist began coverage on The Walt Disney in a report on Thursday, December 10th. They issued a “buy” rating and a $175.00 price objective for the company. Credit Suisse Group increased their price target on The Walt Disney from $146.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, December 9th. Finally, Wells Fargo & Company increased their price target on The Walt Disney from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Wednesday, December 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $157.50.

NYSE:DIS opened at $181.18 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.26. The Walt Disney Company has a fifty-two week low of $79.07 and a fifty-two week high of $183.40. The stock’s 50-day moving average is $158.65 and its two-hundred day moving average is $132.68. The stock has a market cap of $328.02 billion, a PE ratio of -113.95, a price-to-earnings-growth ratio of 4.37 and a beta of 1.16.

The Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.48. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. The company had revenue of $14.71 billion for the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 2.05 earnings per share for the current year.

In other news, EVP Zenia B. Mucha sold 35,906 shares of The Walt Disney stock in a transaction dated Thursday, December 17th. The stock was sold at an average price of $173.34, for a total transaction of $6,223,946.04. Following the completion of the sale, the executive vice president now directly owns 18,781 shares in the company, valued at approximately $3,255,498.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Chapek sold 9,537 shares of The Walt Disney stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $140.00, for a total value of $1,335,180.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,903 shares of company stock worth $20,390,500. Company insiders own 0.31% of the company’s stock.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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