The Walt Disney Company (NYSE:DIS) Holdings Decreased by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,412 shares of the entertainment giant’s stock after selling 425 shares during the quarter. Jacksonville Wealth Management LLC’s holdings in Walt Disney were worth $534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Norges Bank bought a new stake in Walt Disney in the fourth quarter worth about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after acquiring an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Walt Disney in the fourth quarter worth about $358,151,000. Finally, Boston Partners bought a new stake in Walt Disney in the fourth quarter worth about $350,707,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIS. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Guggenheim dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, UBS Group lifted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Six 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 stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Walt Disney Trading Down 0.9%

NYSE:DIS opened at $118.50 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The stock’s 50-day moving average is $100.85 and its two-hundred day moving average is $105.90. The stock has a market cap of $213.03 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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.