Geneos Wealth Management Inc. Sells 1,934 Shares of The Walt Disney Company (NYSE:DIS)

Geneos Wealth Management Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,104 shares of the entertainment giant’s stock after selling 1,934 shares during the period. Geneos Wealth Management Inc.’s holdings in Walt Disney were worth $2,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Planned Solutions Inc. acquired a new position in Walt Disney in the fourth quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $33,000. Stone House Investment Management LLC boosted its position in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Red Tortoise LLC increased its stake in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.4 %

Shares of DIS stock traded down $0.37 during trading hours on Thursday, hitting $96.60. 7,312,908 shares of the company were exchanged, compared to its average volume of 11,355,798. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a 50 day simple moving average of $102.44 and a two-hundred day simple moving average of $104.95. The firm has a market cap of $176.11 billion, a P/E ratio of 105.66, a P/E/G ratio of 1.21 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Loop Capital lifted their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research note on Wednesday, July 3rd. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. Macquarie upped their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

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.