Sierra Summit Advisors LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Sierra Summit Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 12.1% during the second quarter, HoldingsChannel reports. The firm owned 5,132 shares of the entertainment giant’s stock after buying an additional 552 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Walt Disney were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Mcdonald Partners LLC raised its stake in Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after acquiring an additional 88 shares during the period. Sendero Wealth Management LLC lifted its holdings in shares of Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares during the last quarter. Pflug Koory LLC boosted its position in Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC grew its stake in Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after buying an additional 94 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on DIS. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Raymond James decreased their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Performance

DIS stock opened at $90.55 on Monday. The stock has a market cap of $164.22 billion, a P/E ratio of 98.42, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a 50 day simple moving average of $91.06 and a 200 day simple moving average of $102.49. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

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

Insiders Place Their Bets

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

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.