Sequoia Financial Advisors LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Posted by Defense World Staff on Jul 10th, 2023

Sequoia Financial Advisors LLC boosted its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,685 shares of the entertainment giant’s stock after purchasing an additional 176 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Walt Disney were worth $3,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Worth Asset Management LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $29,000. NewSquare Capital LLC raised its stake in Walt Disney by 805.9% in the fourth quarter. NewSquare Capital LLC now owns 308 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 274 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in Walt Disney in the fourth quarter valued at approximately $29,000. MBM Wealth Consultants LLC raised its stake in Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. Finally, Silicon Valley Capital Partners purchased a new stake in Walt Disney in the fourth quarter valued at approximately $35,000. 63.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walt Disney from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Loop Capital decreased their price target on shares of Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Morgan Stanley decreased their price target on shares of Walt Disney from $120.00 to $110.00 in a research note on Monday, June 5th. Barclays decreased their price target on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Finally, Guggenheim decreased their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.82.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,145 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total value of $113,538.20. Following the completion of the transaction, the executive vice president now owns 29,138 shares of the company’s stock, valued at approximately $2,889,324.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $88.64 on Monday. The firm’s fifty day simple moving average is $92.15 and its 200 day simple moving average is $96.84. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.44. The stock has a market cap of $161.97 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28. The Walt Disney Company has a twelve month low of $84.07 and a twelve month high of $126.48.

Walt Disney (NYSE:DIS – Free Report) last issued its earnings results on Wednesday, May 10th. The entertainment giant reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $21.82 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, research analysts predict that The Walt Disney Company will post 3.8 EPS for the current year.

Walt Disney Company Profile

(Free Report)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.