Heritage Oak Wealth Advisors LLC Takes $473,000 Position in The Walt Disney Company (NYSE:DIS)

Heritage Oak Wealth Advisors LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,764 shares of the entertainment giant’s stock, valued at approximately $473,000.

Several other large investors also recently made changes to their positions in the business. CWA Asset Management Group LLC boosted its position in shares of Walt Disney by 7.3% during the 4th quarter. CWA Asset Management Group LLC now owns 24,662 shares of the entertainment giant’s stock valued at $2,227,000 after purchasing an additional 1,677 shares in the last quarter. Gardner Lewis Asset Management L P boosted its stake in Walt Disney by 16.6% during the fourth quarter. Gardner Lewis Asset Management L P now owns 39,945 shares of the entertainment giant’s stock worth $3,607,000 after buying an additional 5,687 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $902,000. ROI Financial Advisors LLC acquired a new position in Walt Disney during the 4th quarter worth about $593,000. Finally, Edge Capital Group LLC raised its holdings in Walt Disney by 8.8% during the 4th quarter. Edge Capital Group LLC now owns 7,420 shares of the entertainment giant’s stock worth $670,000 after purchasing an additional 602 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.2 %

DIS stock opened at $96.18 on Tuesday. 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 business’s 50-day moving average is $90.44 and its 200 day moving average is $101.11. The stock has a market cap of $175.34 billion, a price-to-earnings ratio of 104.54, a PEG ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its 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. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Walt Disney Company 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.