World Equity Group Inc. Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

World Equity Group Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 25.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,776 shares of the entertainment giant’s stock after selling 2,002 shares during the period. World Equity Group Inc.’s holdings in Walt Disney were worth $566,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the 4th quarter valued at $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $34,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley upped 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 decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Barclays upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Loop Capital upped 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, 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.96.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $117.61 on Friday. The firm has a market cap of $211.44 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The firm’s 50-day simple moving average is $104.69 and its 200-day simple moving average is $105.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.