Western Wealth Management LLC Has $1.42 Million Stake in The Walt Disney Company (NYSE:DIS)

Western Wealth Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 58.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,783 shares of the entertainment giant’s stock after selling 18,353 shares during the period. Western Wealth Management LLC’s holdings in Walt Disney were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after purchasing an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $358,151,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Barclays lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.6%

Shares of DIS stock opened at $111.08 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The firm’s fifty day moving average price is $95.68 and its two-hundred day moving average price is $105.09. The firm has a market capitalization of $199.69 billion, a P/E ratio of 36.18, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business earned $1.21 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.