Wescott Financial Advisory Group LLC Decreases Stock Position in The Walt Disney Company $DIS

Wescott Financial Advisory Group LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,969 shares of the entertainment giant’s stock after selling 180 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in Walt Disney were worth $787,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Clearstead Trust LLC raised its stake in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after acquiring an additional 99 shares during the period. Hemington Wealth Management raised its stake in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group raised its stake in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant’s stock valued at $515,000 after acquiring an additional 106 shares during the period. Leigh Baldwin & CO. LLC raised its stake in shares of Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant’s stock valued at $493,000 after acquiring an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC raised its stake in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock valued at $2,578,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $116.2350 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $119.20 and a two-hundred day moving average price of $108.21. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $208.98 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.