The Walt Disney Company $DIS Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC decreased its holdings in The Walt Disney Company ($DIS) by 15.6%, owning 27,679 shares worth approximately $2.73 million after selling 5,119 shares in the first quarter.
• Institutions own 65.71% of Disney's stock, with significant investments from firms such as Nuveen LLC, which acquired a stake worth $1.35 billion in the first quarter.
• Disney reported $1.61 earnings per share for the latest quarter, exceeding analyst estimates, and has an average analyst rating of "Moderate Buy" with a target price of $131.18.

RWA Wealth Partners LLC reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,679 shares of the entertainment giant's stock after selling 5,119 shares during the period. RWA Wealth Partners LLC's holdings in Walt Disney were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth $27,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% in 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 in the last quarter. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $2.4990 during trading hours on Friday, reaching $118.7090. 4,865,527 shares of the company's stock were exchanged, compared to its average volume of 9,698,891. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market capitalization of $213.43 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.56. The business has a fifty day moving average of $119.20 and a two-hundred day moving average of $108.21. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DIS shares. UBS Group boosted their price target 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. Citigroup boosted their price target on shares of 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 lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.