DeDora Capital Inc. Sells 2,596 Shares of The Walt Disney Company (NYSE:DIS)

DeDora Capital Inc. cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 24.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,851 shares of the entertainment giant's stock after selling 2,596 shares during the period. DeDora Capital Inc.'s holdings in Walt Disney were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DIS. Brighton Jones LLC lifted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Walt Disney during the 4th quarter valued at about $65,000. American Century Companies Inc. lifted its holdings in Walt Disney by 20.0% during the 4th quarter. American Century Companies Inc. now owns 1,186,639 shares of the entertainment giant's stock valued at $132,133,000 after buying an additional 198,096 shares in the last quarter. LPL Financial LLC increased its position in Walt Disney by 4.9% during the 4th quarter. LPL Financial LLC now owns 1,911,722 shares of the entertainment giant's stock valued at $212,870,000 after purchasing an additional 89,796 shares during the period. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $5,059,000. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on DIS. Morgan Stanley boosted 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. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $128.13.

Walt Disney Price Performance

DIS traded up $0.33 on Tuesday, hitting $121.17. 1,790,850 shares of the company were exchanged, compared to its average volume of 9,962,131. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The business's fifty day moving average is $117.00 and its 200 day moving average is $106.95. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market capitalization of $217.83 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results 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. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current 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.

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