Jeppson Wealth Management LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Jeppson Wealth Management LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,677 shares of the entertainment giant’s stock after buying an additional 358 shares during the quarter. Walt Disney accounts for about 1.7% of Jeppson Wealth Management LLC’s portfolio, making the stock its 11th largest holding. Jeppson Wealth Management LLC’s holdings in Walt Disney were worth $4,682,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC raised its stake in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the last quarter. Summit Global Investments grew its holdings in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after acquiring an additional 10,230 shares during the period. Lmcg Investments LLC lifted its holdings in Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after acquiring an additional 23,116 shares during the period. PGGM Investments acquired a new position in Walt Disney in the first quarter valued at approximately $1,036,000. Finally, Nisa Investment Advisors LLC boosted its position in Walt Disney by 22.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock worth $67,803,000 after purchasing an additional 127,859 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Loop Capital decreased their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Evercore ISI cut their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target 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. Finally, Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Up 1.9 %

DIS stock opened at $100.88 on Tuesday. 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 50-day moving average of $93.90 and a two-hundred day moving average of $96.81. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market cap of $182.95 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 1.58 and a beta of 1.40.

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.