Wealthedge Investment Advisors LLC Decreases Holdings in The Walt Disney Company $DIS

Key Points

• Wealthedge Investment Advisors LLC reduced its stake in The Walt Disney Company by 76.5%, selling 9,379 shares in the first quarter, now holding 2,886 shares valued at approximately $285,000.
• Multiple hedge funds have increased their investments in Disney, with Brighton Jones LLC raising its stake by 7.7% and NewEdge Advisors LLC increasing theirs by 24.1% in the fourth quarter.
• Walt Disney’s earnings report revealed an EPS of $1.61, surpassing analyst expectations, with revenues of $23.65 billion for the quarter, marking a 2.1% increase year-over-year.

Wealthedge Investment Advisors LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 76.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,886 shares of the entertainment giant's stock after selling 9,379 shares during the quarter. Wealthedge Investment Advisors LLC's holdings in Walt Disney were worth $285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the 1st quarter valued at about $26,000. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $39,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

DIS stock traded up $1.17 during trading on Monday, hitting $116.56. The company had a trading volume of 5,797,030 shares, compared to its average volume of 8,792,395. The firm has a market cap of $209.57 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a 50-day moving average price of $119.33 and a 200-day moving average price of $108.06. 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 for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current 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.