Aries Wealth Management grew its stake in The Walt Disney Company (NYSE:DIS) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,226 shares of the entertainment giant’s stock after purchasing an additional 375 shares during the quarter. Aries Wealth Management’s holdings in The Walt Disney were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Demars Financial Group LLC purchased a new position in The Walt Disney in the 2nd quarter valued at about $38,000. Selective Wealth Management Inc. raised its holdings in shares of The Walt Disney by 50.6% during the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock valued at $42,000 after acquiring an additional 125 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of The Walt Disney by 29.6% during the second quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 101 shares during the last quarter. Estate Counselors LLC purchased a new position in shares of The Walt Disney in the second quarter valued at approximately $52,000. Finally, Equitec Proprietary Markets LLC acquired a new stake in shares of The Walt Disney in the third quarter worth approximately $62,000. 62.72% of the stock is owned by institutional investors and hedge funds.

DIS has been the topic of a number of research reports. Moffett Nathanson raised their price objective on The Walt Disney from $118.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Zacks Investment Research upgraded shares of The Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 price target on the stock in a research report on Monday, August 17th. JPMorgan Chase & Co. upped their price objective on shares of The Walt Disney from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. Tigress Financial reissued a “buy” rating on shares of The Walt Disney in a research note on Sunday, August 23rd. Finally, Rosenblatt Securities upped their price target on The Walt Disney from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $134.70.

Shares of DIS stock opened at $126.81 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.29 and a current ratio of 1.34. The firm has a market cap of $229.15 billion, a P/E ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The firm’s 50 day moving average price is $128.38 and its 200-day moving average price is $117.94. The Walt Disney Company has a one year low of $79.07 and a one year high of $153.41.

The Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.72. The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $12.48 billion. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The firm’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 1.59 EPS for the current fiscal year.

In other The Walt Disney news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the sale, the executive vice president now directly owns 36,620 shares in the company, valued at $4,795,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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