Valley Wealth Managers Inc. Sells 200 Shares of The Walt Disney Company (NYSE:DIS)

Valley Wealth Managers Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 38.1% during the first quarter, HoldingsChannel reports. The firm owned 325 shares of the entertainment giant’s stock after selling 200 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Walt Disney were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DIS. Planned Solutions Inc. purchased a new stake in Walt Disney in the 4th quarter worth about $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter worth about $28,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney in the 3rd quarter worth about $30,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter worth about $33,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.5 %

Shares of DIS traded down $0.44 during mid-day trading on Thursday, hitting $96.53. 4,855,703 shares of the company’s stock traded hands, compared to its average volume of 11,337,342. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market capitalization of $175.98 billion, a P/E ratio of 105.66, a PEG ratio of 1.21 and a beta of 1.40. The business’s 50-day moving average price is $102.44 and its 200-day moving average price is $104.95.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were 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. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Walt Disney in a report on Wednesday, July 3rd. Wells Fargo & Company lifted their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, Rosenblatt Securities lifted their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney Company 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.