Alliance Wealth Management Group Acquires 2,084 Shares of Walt Disney Co (DIS)

Alliance Wealth Management Group lifted its stake in shares of Walt Disney Co (NYSE:DIS) by 97.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,212 shares of the entertainment giant’s stock after purchasing an additional 2,084 shares during the period. Alliance Wealth Management Group’s holdings in Walt Disney were worth $416,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in Walt Disney by 0.6% in the second quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock valued at $241,000 after purchasing an additional 14 shares in the last quarter. Burt Wealth Advisors increased its stake in Walt Disney by 0.5% in the second quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock valued at $338,000 after purchasing an additional 15 shares in the last quarter. Sonata Capital Group Inc. increased its stake in Walt Disney by 0.7% in the second quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 20 shares in the last quarter. Leisure Capital Management increased its stake in Walt Disney by 0.5% in the second quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock valued at $473,000 after purchasing an additional 20 shares in the last quarter. Finally, First Capital Advisors Group LLC. increased its stake in Walt Disney by 0.4% in the second quarter. First Capital Advisors Group LLC. now owns 6,515 shares of the entertainment giant’s stock valued at $692,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 61.12% of the company’s stock.

Walt Disney Co (NYSE:DIS) opened at $104.60 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Walt Disney Co has a 1-year low of $96.20 and a 1-year high of $116.10. The company has a market cap of $156,562.75, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same period last year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. equities research analysts predict that Walt Disney Co will post 6.8 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Wednesday, November 1st. Jefferies Group reiterated a “hold” rating and issued a $112.00 price target on shares of Walt Disney in a report on Wednesday, February 7th. Vetr cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price target for the company. in a report on Tuesday. BMO Capital Markets increased their target price on shares of Walt Disney from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Walt Disney presently has an average rating of “Buy” and an average target price of $118.61.

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About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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