Wealthedge Investment Advisors LLC Sells 9,379 Shares of The Walt Disney Company (NYSE:DIS)

Wealthedge Investment Advisors LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 76.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,886 shares of the entertainment giant’s stock after selling 9,379 shares during the quarter. Wealthedge Investment Advisors LLC’s holdings in Walt Disney were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its position in Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. purchased a new stake in Walt Disney during the 1st quarter valued at $326,000. WoodTrust Financial Corp lifted its holdings in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the period. Bank of Stockton boosted its stake in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock worth $897,000 after buying an additional 383 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in shares of Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock worth $39,026,000 after buying an additional 246,000 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Morgan Stanley raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Walt Disney in a research report on Monday. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Trading Down 0.8%

Walt Disney stock opened at $115.36 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm’s 50 day moving average price is $119.33 and its 200-day moving average price is $108.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $207.41 billion, a P/E ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.