IMG Wealth Management Inc. Decreases Stock Holdings in The Walt Disney Company $DIS

Key Points

• IMG Wealth Management Inc. significantly reduced its stake in The Walt Disney Company by 91.6%, ending the second quarter with only 307 shares, worth approximately $38,000.
• Several hedge funds have increased their positions in Walt Disney, with notable increases including Wedge Capital Management's 8,744.0% rise, acquiring over 320,000 shares.
• Analysts maintain a positive outlook for Walt Disney, with a consensus rating of "Moderate Buy" and an average price target of $132.90 for the stock.

IMG Wealth Management Inc. decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 91.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 307 shares of the entertainment giant's stock after selling 3,348 shares during the quarter. IMG Wealth Management Inc.'s holdings in Walt Disney were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DIS. J. Safra Sarasin Holding AG increased its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. purchased a new position in shares of Walt Disney during the first quarter valued at about $326,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney during the second quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC increased its position in shares of Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant's stock valued at $39,724,000 after buying an additional 316,707 shares during the period. Finally, WoodTrust Financial Corp increased its position in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after buying an additional 6,047 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. 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 report on Wednesday, July 16th. Evercore ISI upped their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Up 1.2%

Shares of NYSE DIS opened at $112.01 on Tuesday. The firm's 50 day moving average price is $114.85 and its 200-day moving average price is $111.19. The company has a market cap of $201.39 billion, a PE ratio of 17.56, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS 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.

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