Wealthcare Advisory Partners LLC Cuts Holdings in The Walt Disney Company $DIS

Wealthcare Advisory Partners LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 18.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 25,992 shares of the entertainment giant’s stock after selling 5,960 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Walt Disney were worth $3,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. J. Safra Sarasin Holding AG boosted its stake in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. bought a new stake in Walt Disney during the 1st quarter valued at $326,000. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney during the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC raised its holdings in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp raised its holdings in Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Up 0.3%

NYSE:DIS opened at $112.49 on Monday. The firm’s 50-day moving average price is $116.12 and its 200-day moving average price is $110.10. The company has a market capitalization of $202.25 billion, a PE ratio of 17.63, a P/E/G ratio of 1.48 and a beta of 1.54. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Profile

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.