Axxcess Wealth Management LLC Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Axxcess Wealth Management LLC raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 13.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 64,819 shares of the entertainment giant's stock after purchasing an additional 7,538 shares during the quarter. Axxcess Wealth Management LLC's holdings in Walt Disney were worth $6,235,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC boosted its position in Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant's stock worth $950,000 after purchasing an additional 327 shares during the last quarter. Sei Investments Co. raised its position in shares of Walt Disney by 25.0% during the 1st quarter. Sei Investments Co. now owns 595,506 shares of the entertainment giant's stock valued at $72,865,000 after buying an additional 119,207 shares in the last quarter. Choate Investment Advisors boosted its stake in Walt Disney by 11.3% during the first quarter. Choate Investment Advisors now owns 74,130 shares of the entertainment giant's stock worth $9,071,000 after buying an additional 7,511 shares during the period. NorthRock Partners LLC raised its stake in shares of Walt Disney by 4.3% in the first quarter. NorthRock Partners LLC now owns 17,314 shares of the entertainment giant's stock valued at $2,118,000 after acquiring an additional 708 shares during the period. Finally, Pointe Capital Management LLC bought a new stake in shares of Walt Disney in the 1st quarter worth about $282,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.09 on Friday, hitting $99.02. The stock had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. The company's 50 day moving average price is $93.90 and its 200 day moving average price is $96.93. The stock has a market cap of $179.58 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.57 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. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on DIS shares. UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, July 30th. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Wednesday, October 23rd. Finally, Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price objective for the company. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $118.05.

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.