Bernard Wealth Management Corp. Reduces Stake in The Walt Disney Company $DIS

Bernard Wealth Management Corp. reduced its position in The Walt Disney Company (NYSE:DIS) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,754 shares of the entertainment giant’s stock after selling 393 shares during the period. Bernard Wealth Management Corp.’s holdings in Walt Disney were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. GAMMA Investing LLC raised its holdings in Walt Disney by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after purchasing an additional 1,856 shares during the period. Zhang Financial LLC raised its holdings in Walt Disney by 9.8% in the 1st quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock worth $218,000 after purchasing an additional 197 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in Walt Disney by 21.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant’s stock worth $1,957,000 after purchasing an additional 3,441 shares during the period. Finally, Thomasville National Bank raised its holdings in Walt Disney by 3.4% in the 1st quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant’s stock worth $751,000 after purchasing an additional 251 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Morgan Stanley raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Trading Down 1.6%

Shares of DIS stock opened at $109.17 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $115.36 and its 200-day moving average price is $110.34. The stock has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.