The Walt Disney Company $DIS Position Reduced by WBH Advisory Inc.

WBH Advisory Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,580 shares of the entertainment giant’s stock after selling 1,331 shares during the quarter. WBH Advisory Inc.’s holdings in Walt Disney were worth $2,180,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at $26,000. DiNuzzo Private Wealth Inc. lifted its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the period. Harbor Asset Planning Inc. purchased a new position in Walt Disney during the 2nd quarter valued at about $37,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $110.69 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $199.00 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The stock has a 50-day moving average of $114.86 and a 200-day moving average of $110.99. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.39 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.

Analysts Set New Price Targets

Several research firms recently commented on DIS. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Rosenblatt Securities restated a “buy” rating and set a $141.00 price target on shares of Walt Disney in a report on Friday. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $132.90.

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.