Empirical Asset Management LLC Has $274,000 Stake in The Walt Disney Company $DIS

Empirical Asset Management LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 63.0% during the second quarter, Holdings Channel reports. The firm owned 2,211 shares of the entertainment giant’s stock after selling 3,764 shares during the period. Empirical Asset Management LLC’s holdings in Walt Disney were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Consilio Wealth Advisors LLC acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $228,000. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $37,000. Activest Wealth Management lifted its position in shares of Walt Disney by 5.8% in the 2nd quarter. Activest Wealth Management now owns 3,465 shares of the entertainment giant’s stock worth $430,000 after purchasing an additional 191 shares during the period. Werba Rubin Papier Wealth Management acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $244,000. Finally, WealthPLAN Partners LLC acquired a new position in shares of Walt Disney during the 2nd quarter valued at $232,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $110.69 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $114.86 and its two-hundred day moving average price is $110.75. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.44 and a beta of 1.54.

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

Analyst Ratings Changes

A number of research firms recently issued reports on DIS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney 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.