Beta Wealth Group Inc. Lowers Position in The Walt Disney Company (NYSE:DIS)

Beta Wealth Group Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 87.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,297 shares of the entertainment giant’s stock after selling 49,357 shares during the quarter. Beta Wealth Group Inc.’s holdings in Walt Disney were worth $720,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares in the last quarter. Planning Directions Inc. bought a new position in shares of Walt Disney during the 1st quarter worth approximately $326,000. Trek Financial LLC lifted its position in shares of Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after buying an additional 30,057 shares in the last quarter. WoodTrust Financial Corp lifted its position 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 worth $9,491,000 after buying an additional 6,047 shares in the last quarter. Finally, Bank of Stockton lifted its position in shares of Walt Disney by 4.4% during 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 in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Morgan Stanley lifted their target price 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. Wall Street Zen cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Jefferies Financial Group raised shares of Walt Disney from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Rosenblatt Securities lifted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.70.

Walt Disney Stock Down 2.1%

DIS opened at $116.57 on Friday. The company has a fifty day moving average price of $118.76 and a 200-day moving average price of $107.72. The firm has a market capitalization of $209.56 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during 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%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts expect 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.