WealthCare Investment Partners LLC Sells 291 Shares of The Walt Disney Company (NYSE:DIS)

WealthCare Investment Partners LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 11.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,363 shares of the entertainment giant’s stock after selling 291 shares during the quarter. WealthCare Investment Partners LLC’s holdings in Walt Disney were worth $218,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter worth about $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney during the second quarter valued at approximately $32,000. Red Tortoise LLC boosted its stake in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. O Brien Wealth Partners LLC purchased a new position in Walt Disney in the first quarter worth $51,000. Finally, Mascoma Wealth Management LLC increased its position in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DIS. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie lowered their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Walt Disney Stock Up 0.1 %

DIS opened at $92.52 on Wednesday. The company has a fifty day moving average of $90.78 and a two-hundred day moving average of $100.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The stock has a market capitalization of $168.67 billion, a price-to-earnings ratio of 100.57, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 4.92 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.