ICA Group Wealth Management LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

ICA Group Wealth Management LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 87.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 436 shares of the entertainment giant’s stock after selling 2,959 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Walt Disney were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DIS. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $28,000. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the first quarter worth about $31,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth about $37,000. Mascoma Wealth Management LLC boosted its stake in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of Walt Disney by 30.7% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.4 %

Shares of DIS stock opened at $90.55 on Monday. The company’s 50-day moving average price is $91.06 and its 200-day moving average price is $102.49. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $164.22 billion, a price-to-earnings ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC lowered their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.