Wealth Effects LLC Has $285,000 Position in The Walt Disney Company (NYSE:DIS)

Wealth Effects LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 27.8% during the first quarter, Holdings Channel reports. The institutional investor owned 2,888 shares of the entertainment giant’s stock after selling 1,114 shares during the quarter. Wealth Effects LLC’s holdings in Walt Disney were worth $285,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $27,000. Tacita Capital Inc grew its position in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter valued at $32,000. Copia Wealth Management bought a new stake in Walt Disney during the 4th quarter worth about $36,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Walt Disney during the 4th quarter worth about $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.7%

Shares of DIS stock opened at $119.53 on Thursday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The company has a market capitalization of $214.89 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54. The firm has a 50 day moving average price of $106.76 and a two-hundred day moving average price of $105.92. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DIS shares. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group increased their price objective on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.96.

Walt Disney Company Profile

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.