King Wealth Management Group Raises Stake in The Walt Disney Company (NYSE:DIS)

King Wealth Management Group increased its stake in The Walt Disney Company (NYSE:DIS) by 44.4% in the third quarter, HoldingsChannel.com reports. The firm owned 4,555 shares of the entertainment giant’s stock after acquiring an additional 1,400 shares during the quarter. King Wealth Management Group’s holdings in Walt Disney were worth $438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the second quarter worth $32,000. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank increased its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $109.13 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The business’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $96.69. The firm has a market cap of $197.92 billion, a PE ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays cut their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Macquarie reduced their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Finally, Evercore ISI increased their price objective on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $119.90.

About Walt Disney

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.