Edge Wealth Management LLC Sells 1,096 Shares of The Walt Disney Company (NYSE:DIS)

Edge Wealth Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 77,063 shares of the entertainment giant’s stock after selling 1,096 shares during the quarter. Walt Disney comprises 2.0% of Edge Wealth Management LLC’s holdings, making the stock its 21st largest position. Edge Wealth Management LLC’s holdings in Walt Disney were worth $9,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mcdonald Partners LLC grew its stake in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after buying an additional 88 shares during the last quarter. Pflug Koory LLC grew its position in Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after acquiring an additional 91 shares during the last quarter. McLean Asset Management Corp increased its holdings in Walt Disney by 3.2% in the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after purchasing an additional 96 shares in the last quarter. Destiny Wealth Partners LLC increased its stake in shares of Walt Disney by 2.9% in the first quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after buying an additional 98 shares during the period. Finally, Weil Company Inc. lifted its holdings in shares of Walt Disney by 0.5% during the fourth quarter. Weil Company Inc. now owns 20,295 shares of the entertainment giant’s stock worth $1,832,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock traded down $0.13 during mid-day trading on Friday, hitting $102.04. 1,114,362 shares of the stock were exchanged, compared to its average volume of 11,321,544. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The stock has a market capitalization of $186.02 billion, a price-to-earnings ratio of 111.04, a PEG ratio of 1.27 and a beta of 1.40. The business has a fifty day moving average price of $105.23 and a 200 day moving average price of $104.53. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.93 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Argus raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price 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 disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

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.