Bulltick Wealth Management LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• Bulltick Wealth Management LLC reduced its stake in Walt Disney by 58.6%, holding 36,411 shares worth approximately $3.59 million as of its latest SEC filing.
• Walt Disney stock received upgrades from several analysts, with Guggenheim raising the price target from $120 to $140, indicating strong investor interest.
• The company's recent earnings report showed $1.61 earnings per share, surpassing analysts' estimates and reflecting a year-over-year revenue increase of 2.1%.

Bulltick Wealth Management LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 58.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,411 shares of the entertainment giant's stock after selling 51,634 shares during the period. Bulltick Wealth Management LLC's holdings in Walt Disney were worth $3,594,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $27,000. Kessler Investment Group LLC grew its position in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 2.7%

Shares of DIS traded up $3.02 during trading hours on Wednesday, hitting $116.74. The company had a trading volume of 9,023,464 shares, compared to its average volume of 8,971,034. The firm has a market cap of $209.89 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.64 and a beta of 1.56. The stock's 50 day moving average price is $119.22 and its 200 day moving average price is $108.08. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company 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%. Walt Disney's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 EPS. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Citigroup upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, August 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday. Finally, Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

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.