WealthBridge Investment Counsel Inc. Trims Stake in The Walt Disney Company (NYSE:DIS)

WealthBridge Investment Counsel Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,611 shares of the entertainment giant’s stock after selling 550 shares during the period. Walt Disney comprises about 2.8% of WealthBridge Investment Counsel Inc.’s investment portfolio, making the stock its 14th biggest position. WealthBridge Investment Counsel Inc.’s holdings in Walt Disney were worth $7,661,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. Morgan Stanley increased its stake in shares of Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after purchasing an additional 195,512 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter valued at $1,938,647,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Walt Disney by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after buying an additional 211,397 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Walt Disney by 4.5% in the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock worth $650,472,000 after buying an additional 309,376 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6 %

NYSE DIS traded up $0.62 during trading on Thursday, hitting $98.61. The stock had a trading volume of 5,029,969 shares, compared to its average volume of 9,798,412. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a 50 day simple moving average of $103.86 and a 200 day simple moving average of $104.76. The stock has a market capitalization of $179.77 billion, a price-to-earnings ratio of 107.19, a P/E/G ratio of 1.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. Sell-side analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DIS shares. Argus boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. UBS Group lowered their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Macquarie increased their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Tuesday, May 21st. Finally, Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.44.

Insider Transactions at Walt Disney

In related news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.