Bartlett & CO. Wealth Management LLC Has $18.14 Million Holdings in The Walt Disney Company (NYSE:DIS)

Bartlett & CO. Wealth Management LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 12.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,777 shares of the entertainment giant’s stock after selling 26,481 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Walt Disney were worth $18,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Brighton Jones LLC boosted its stake in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Walt Disney by 117.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant’s stock valued at $3,237,000 after acquiring an additional 15,708 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at about $368,000. NewEdge Wealth LLC raised its position in Walt Disney by 14.0% in the fourth quarter. NewEdge Wealth LLC now owns 15,708 shares of the entertainment giant’s stock worth $1,749,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Cable Hill Partners LLC lifted its stake in Walt Disney by 6.0% during the fourth quarter. Cable Hill Partners LLC now owns 4,160 shares of the entertainment giant’s stock worth $465,000 after purchasing an additional 236 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.9%

Shares of Walt Disney stock opened at $121.64 on Friday. The business has a 50-day moving average of $107.50 and a two-hundred day moving average of $105.97. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $121.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company has a market capitalization of $218.69 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIS. Guggenheim dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a report on Monday, April 21st. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Finally, Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $123.96.

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.