Spire Wealth Management Sells 580 Shares of The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

Spire Wealth Management decreased its position in The Walt Disney Company (NYSE:DIS – Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 31,989 shares of the entertainment giant’s stock after selling 580 shares during the period. Spire Wealth Management’s holdings in Walt Disney were worth $3,157,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at approximately $27,000. Tacita Capital Inc lifted its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the 4th quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in Walt Disney in the 4th quarter valued at approximately $36,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7%

DIS stock opened at $119.53 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $214.89 billion, a PE ratio of 24.44, a PEG ratio of 1.74 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The business’s 50 day simple moving average is $106.76 and its 200 day simple moving average is $105.92.

Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DIS shares. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group boosted their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Barclays upped their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, Rosenblatt Securities upped their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.96.

Get Our Latest Stock Report on DIS

Walt Disney Profile

(Free Report)

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.

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