Optas LLC Has $2.19 Million Stock Position in The Walt Disney Company $DIS

Optas LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 122.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,628 shares of the entertainment giant’s stock after buying an additional 9,691 shares during the period. Optas LLC’s holdings in Walt Disney were worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DIS. Brighton Jones LLC raised its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the period. GAMMA Investing LLC increased its position in Walt Disney by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after purchasing an additional 1,856 shares during the last quarter. Simplicity Wealth LLC increased its position in Walt Disney by 252.6% in the 1st quarter. Simplicity Wealth LLC now owns 17,138 shares of the entertainment giant’s stock worth $1,691,000 after purchasing an additional 12,278 shares during the last quarter. Fiduciary Financial Group LLC increased its position in Walt Disney by 45.2% in the 1st quarter. Fiduciary Financial Group LLC now owns 4,032 shares of the entertainment giant’s stock worth $398,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its position in Walt Disney by 0.7% in the 1st quarter. Integrated Advisors Network LLC now owns 21,228 shares of the entertainment giant’s stock worth $2,095,000 after purchasing an additional 139 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $111.83 on Thursday. The business has a 50 day moving average price of $115.67 and a 200 day moving average price of $110.22. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market cap of $201.06 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.48 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities increased their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

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.