The Walt Disney Company (NYSE:DIS) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 15.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,114 shares of the entertainment giant’s stock after selling 380 shares during the period. 1900 Wealth Management LLC’s holdings in Walt Disney were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DIS. Activest Wealth Management grew its stake in Walt Disney by 51.5% during the 1st quarter. Activest Wealth Management now owns 1,791 shares of the entertainment giant’s stock worth $219,000 after buying an additional 609 shares during the last quarter. Family Capital Trust Co boosted its holdings in shares of Walt Disney by 2.9% during the first quarter. Family Capital Trust Co now owns 45,460 shares of the entertainment giant’s stock valued at $5,562,000 after acquiring an additional 1,301 shares during the period. Townsend & Associates Inc grew its position in shares of Walt Disney by 1.2% during the first quarter. Townsend & Associates Inc now owns 136,934 shares of the entertainment giant’s stock worth $15,571,000 after acquiring an additional 1,671 shares during the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Walt Disney in the 1st quarter worth about $14,549,000. Finally, Premier Path Wealth Partners LLC lifted its position in Walt Disney by 2.1% in the 1st quarter. Premier Path Wealth Partners LLC now owns 20,887 shares of the entertainment giant’s stock valued at $2,552,000 after purchasing an additional 434 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.0 %

Shares of NYSE:DIS traded up $0.02 during midday trading on Wednesday, reaching $103.03. The company had a trading volume of 7,182,799 shares, compared to its average volume of 12,007,778. The company has a fifty day simple moving average of $112.95 and a two-hundred day simple moving average of $102.80. The firm has a market cap of $187.82 billion, a price-to-earnings ratio of 111.98, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Evercore ISI lowered their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. Finally, Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.52.

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.