ZRC Wealth Management LLC Sells 1,051 Shares of The Walt Disney Company (NYSE:DIS)

ZRC Wealth Management LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 27.5% during the first quarter, Holdings Channel reports. The fund owned 2,769 shares of the entertainment giant’s stock after selling 1,051 shares during the quarter. ZRC Wealth Management LLC’s holdings in Walt Disney were worth $339,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney during the 4th quarter worth $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter valued at about $33,000. Stone House Investment Management LLC grew its position in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Finally, Red Tortoise LLC increased its stake in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.62 during trading on Thursday, reaching $98.61. 5,029,969 shares of the stock were exchanged, compared to its average volume of 9,798,412. The firm has a market cap of $179.77 billion, a PE ratio of 107.19, a PEG ratio of 1.22 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock has a 50-day moving average price of $103.86 and a 200-day moving average price of $104.76.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Guggenheim upped their target price 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 3rd. UBS Group dropped their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Bank of America upped their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Daiwa Capital Markets reissued a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney 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.