WCG Wealth Advisors LLC Sells 2,208 Shares of The Walt Disney Company $DIS

Key Points

• WCG Wealth Advisors LLC has reduced its holdings in The Walt Disney Company by 6.0%, selling 2,208 shares, and now owns a total of 34,437 shares valued at approximately $3.4 million.
• Analysts have shown increased confidence in the stock, with firms like Morgan Stanley and Barclays raising their target prices to $140 and maintaining an "overweight" rating.
• Walt Disney reported earnings of $1.61 per share for the last quarter, surpassing analyst expectations and reflecting a year-over-year revenue increase of 2.1% to $23.65 billion.

WCG Wealth Advisors LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,437 shares of the entertainment giant's stock after selling 2,208 shares during the quarter. WCG Wealth Advisors LLC's holdings in Walt Disney were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Walt Disney by 49.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 52,500 shares of the entertainment giant's stock worth $5,846,000 after purchasing an additional 17,349 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Walt Disney during the 4th quarter worth about $253,000. Aquatic Capital Management LLC bought a new stake in Walt Disney during the 4th quarter worth about $1,999,000. Finally, Mission Creek Capital Partners Inc. raised its holdings in Walt Disney by 12.9% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 11,465 shares of the entertainment giant's stock worth $1,277,000 after purchasing an additional 1,307 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Barclays upped their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Up 2.1%

NYSE:DIS opened at $118.6640 on Monday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $213.35 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.72 and a beta of 1.56. The business's 50-day simple moving average is $119.22 and its 200-day simple moving average is $108.21.

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

About Walt Disney

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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