Sage Mountain Advisors LLC Purchases 1,532 Shares of The Walt Disney Company $DIS

Sage Mountain Advisors LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 20.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,939 shares of the entertainment giant’s stock after acquiring an additional 1,532 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Walt Disney were worth $1,109,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney during the second quarter worth $37,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the second quarter worth $49,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $111.64 on Friday. The firm’s 50-day moving average price is $114.64 and its 200-day moving average price is $111.64. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $200.72 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.48 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on DIS shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Friday. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.