Sheets Smith Wealth Management reduced its position in The Walt Disney Company (NYSE:DIS – Free Report) by 98.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 100 shares of the entertainment giant’s stock after selling 6,464 shares during the period. Sheets Smith Wealth Management’s holdings in Walt Disney were worth $662,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. GW Henssler & Associates Ltd. increased its holdings in shares of Walt Disney by 2.0% during the first quarter. GW Henssler & Associates Ltd. now owns 6,825 shares of the entertainment giant’s stock worth $683,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC boosted its position in shares of Walt Disney by 31.0% during the 1st quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock worth $653,000 after acquiring an additional 1,544 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Walt Disney by 6.5% during the 1st quarter. Handelsbanken Fonder AB now owns 454,608 shares of the entertainment giant’s stock worth $45,520,000 after acquiring an additional 27,767 shares in the last quarter. Regal Partners Ltd acquired a new stake in Walt Disney in the fourth quarter valued at approximately $28,203,000. Finally, Summit Place Financial Advisors LLC boosted its position in Walt Disney by 2.0% in the first quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock valued at $2,767,000 after buying an additional 551 shares in the last quarter. 61.17% of the stock is owned by institutional investors.
Analyst Ratings Changes
DIS has been the subject of a number of analyst reports. Loop Capital lowered their target price on shares of Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Atlantic Securities cut shares of Walt Disney from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $113.00 to $76.00 in a report on Tuesday, July 25th. StockNews.com assumed coverage on shares of Walt Disney in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Macquarie cut shares of Walt Disney from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $125.00 to $103.00 in a research note on Friday, May 19th. Finally, Morgan Stanley dropped their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.26.
Walt Disney Stock Up 1.3 %
Shares of DIS opened at $81.58 on Monday. The firm has a market capitalization of $149.27 billion, a P/E ratio of 66.33, a P/E/G ratio of 1.62 and a beta of 1.28. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $86.35 and a 200-day moving average price of $92.16.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 3.68 earnings per share for the current year.
Insider Buying and Selling
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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