InTrack Investment Management Inc reduced its stake in The Walt Disney Company (NYSE: DIS – Get Rating) by 20.9% in the first quarter, according to the company in its latest Form 13F, filed with the Securities and Exchange Commission. The institutional investor owned 11,344 shares of the entertainment giant’s shares after selling 3,004 shares during the period. Walt Disney includes approximately 1.3% of InTrack Investment Management Inc’s portfolio, making the shares the 21st largest holding company. Walt Disney’s InTrack Investment Management Inc held $ 1,556,000 at the end of the last quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions at DIS. Syverson Strege & Co increased its stake in Walt Disney by 384.8% in the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant worth $ 25,000 after buying an additional 127 shares during the period. Sandy Cove Advisors LLC bought a new position at Walt Disney in the fourth quarter worth $ 27,000. MBM Wealth Consultants LLC increased its stake in Walt Disney by 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant worth $ 34,000 after buying an additional 107 shares during the period. Advanced Research Investment Solutions LLC increased its stake in Walt Disney by 46.0% in the fourth quarter. Advanced Research Investment Solutions LLC already owns 238 shares of the entertainment giant worth $ 36,000 after buying an additional 75 shares during the period. Finally, Delos Wealth Advisors LLC increased its stake in Walt Disney by 2,933.3% in the fourth quarter. Delos Wealth Advisors LLC already owns 273 shares of the entertainment giant worth $ 42,000 after buying an additional 264 shares during the period. 64.17% of the shares are owned by institutional investors and hedge funds.
Several stock analysts weighed the company. Moffett Nathanson lowered his price target for Walt Disney from $ 165.00 to $ 150.00 and set a “neutral” rating for the company in a report on Monday, March 7. Deutsche Bank Aktiengesellschaft reduced its price target for Walt Disney from $ 191.00 to $ 130.00 in a report on Monday, June 6. BMO Capital Markets reduced its target price for Walt Disney from $ 140.00 to $ 135.00 in a report on Thursday, May 12. Credit Suisse Group reduced its price target for Walt Disney from $ 218.00 to $ 170.00 in a report on Thursday, May 12. Finally, StockNews.com downgraded Walt Disney from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. One analyst rated the shares with a rating for sale, five gave a rating for retention and eighteen issued a rating for the purchase of the company’s shares. According to MarketBeat, Walt Disney has an average “Moderate Buying” rating and an average target price of $ 167.56.
NYSE DIS opened at $ 97.78 on Friday. The 50-day simple moving average of the stock is $ 107.42, and its ordinary moving average for two hundred days is $ 131.78. Walt Disney has the lowest twelve-month value of $ 92.01 and the highest twelve-month value of $ 187.58. The company has a fast ratio of 1.01, a current ratio of 1.06 and a debt to equity ratio of 0.49. The company has a market capitalization of $ 178.02 billion, a price / profit ratio of 67.43, a PEG ratio of 1.14 and a beta ratio of 1.21.
Walt Disney (NYSE: DIS – Get Rating) last released its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $ 1.08 earnings per share for the quarter, lacking analysts’ consensus estimates of $ 1.19 ($ 0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. In the same period last year, the company reported $ 0.79 EPS. On average, stock analysts expect The Walt Disney Company to report 4.03 earnings per share for the current fiscal year.
About Walt Disney (Get a rating)
Walt Disney, along with its subsidiaries, operates as an entertainment company worldwide. Works in two segments, Disney Media and Entertainment Distribution; and Disney parks, experiences and products. The company is engaged in the production and distribution of film and episodic television content, as well as operates television broadcasting networks under the brands ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star; and studios that produce banner films by Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures.
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