Wealthcare Capital Partners LLC Decreases Stake in The Walt Disney Company $DIS

Wealthcare Capital Partners LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,109 shares of the entertainment giant’s stock after selling 289 shares during the period. Wealthcare Capital Partners LLC’s holdings in Walt Disney were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. First PREMIER Bank raised its stake in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Capitol Family Office Inc. purchased a new position in Walt Disney during the first quarter worth about $52,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.3%

Shares of DIS stock opened at $112.49 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $202.25 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The company has a 50 day moving average price of $116.12 and a 200 day moving average price of $110.02. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) 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. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Citigroup lifted 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. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.