AE Wealth Management LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• AE Wealth Management LLC has reduced its stake in The Walt Disney Company by 15.4%, now holding 62,117 shares valued at approximately $6.13 million.
• Several institutional investors, including Norges Bank and DZ BANK AG, have significantly increased their positions in Disney, with Norges Bank investing about $2.42 billion in the fourth quarter.
• Disney's stock recently traded at $121.44, with analysts predicting it will post 5.47 EPS for the current year, following a strong quarterly earnings report that exceeded estimates.

AE Wealth Management LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,117 shares of the entertainment giant's stock after selling 11,334 shares during the period. AE Wealth Management LLC's holdings in Walt Disney were worth $6,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blume Capital Management Inc. raised its stake in Walt Disney by 3.7% in the 1st quarter. Blume Capital Management Inc. now owns 89,306 shares of the entertainment giant's stock worth $8,815,000 after acquiring an additional 3,163 shares during the last quarter. Winthrop Capital Management LLC raised its stake in Walt Disney by 3.2% in the 1st quarter. Winthrop Capital Management LLC now owns 11,710 shares of the entertainment giant's stock worth $1,156,000 after acquiring an additional 368 shares during the last quarter. Goepper Burkhardt LLC raised its stake in Walt Disney by 6.7% in the 1st quarter. Goepper Burkhardt LLC now owns 2,082 shares of the entertainment giant's stock worth $205,000 after acquiring an additional 130 shares during the last quarter. Burney Co. raised its stake in Walt Disney by 317.4% in the 1st quarter. Burney Co. now owns 53,517 shares of the entertainment giant's stock worth $5,282,000 after acquiring an additional 40,696 shares during the last quarter. Finally, Triumph Capital Management raised its stake in Walt Disney by 3.7% in the 1st quarter. Triumph Capital Management now owns 5,864 shares of the entertainment giant's stock worth $579,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

DIS stock traded down $0.95 during trading on Monday, hitting $120.52. The stock had a trading volume of 2,048,160 shares, compared to its average volume of 9,791,906. 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 twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $216.67 billion, a P/E ratio of 24.63, a PEG ratio of 1.78 and a beta of 1.56. The company's 50-day moving average price is $117.97 and its two-hundred day moving average price is $107.34.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the previous year, the firm posted $1.21 EPS. Walt Disney's revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DIS shares. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.13.

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.