Royal Fund Management LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Royal Fund Management LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,336 shares of the entertainment giant’s stock after purchasing an additional 193 shares during the quarter. Royal Fund Management LLC’s holdings in Walt Disney were worth $387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dark Forest Capital Management LP purchased a new position in Walt Disney during the 1st quarter valued at $28,000. Worth Asset Management LLC purchased a new position in Walt Disney during the 1st quarter valued at $29,000. MBM Wealth Consultants LLC boosted its holdings in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the period. Silicon Valley Capital Partners purchased a new position in Walt Disney during the 4th quarter valued at $35,000. Finally, Bell Investment Advisors Inc boosted its holdings in Walt Disney by 40.3% during the 1st quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 127 shares during the period. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Trading Down 0.6 %

Walt Disney stock opened at $85.03 on Tuesday. The stock has a 50-day moving average of $85.78 and a two-hundred day moving average of $91.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The Walt Disney Company has a one year low of $79.75 and a one year high of $118.18. The stock has a market cap of $155.58 billion, a PE ratio of 69.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The company had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on Walt Disney in a report on Thursday, August 17th. They set a “sell” rating for the company. KeyCorp lowered their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 25th. Credit Suisse Group lowered their target price on Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a report on Monday, August 21st. Truist Financial reiterated a “buy” rating and issued a $105.00 target price on shares of Walt Disney in a report on Monday, August 21st. Finally, Rosenblatt Securities upped their target price on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.58.

Insider Activity

In other news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

About Walt Disney

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.