Acorn Financial Advisory Services Inc. ADV Has $431,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Acorn Financial Advisory Services Inc. ADV decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,483 shares of the entertainment giant’s stock after selling 354 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Walt Disney were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quent Capital LLC increased its position in shares of 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 period. PFG Advisors increased its position in shares of Walt Disney by 2.4% in the first quarter. PFG Advisors now owns 7,433 shares of the entertainment giant’s stock worth $909,000 after purchasing an additional 177 shares during the period. CarsonAllaria Wealth Management Ltd. increased its position in shares of Walt Disney by 510.9% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 837 shares of the entertainment giant’s stock worth $102,000 after purchasing an additional 700 shares during the period. Clifford Capital Partners LLC increased its position in shares of Walt Disney by 2.7% in the first quarter. Clifford Capital Partners LLC now owns 136,490 shares of the entertainment giant’s stock worth $16,701,000 after purchasing an additional 3,585 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Walt Disney in the first quarter valued at about $13,776,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.09 on Friday, hitting $99.02. 7,982,113 shares of the stock were exchanged, compared to its average volume of 10,725,772. 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 firm has a market capitalization of $179.58 billion, a PE ratio of 38.09, a P/E/G ratio of 1.52 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm’s 50 day moving average is $93.90 and its two-hundred day moving average is $97.05.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DIS. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays cut their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI cut their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company cut their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Five investment 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. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price 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.