WealthBridge Investment Counsel Inc. Has $6.20 Million Position in The Walt Disney Company (NYSE:DIS)

WealthBridge Investment Counsel Inc. raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 64,486 shares of the entertainment giant’s stock after purchasing an additional 300 shares during the quarter. Walt Disney comprises 2.2% of WealthBridge Investment Counsel Inc.’s holdings, making the stock its 25th biggest position. WealthBridge Investment Counsel Inc.’s holdings in Walt Disney were worth $6,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Jennison Associates LLC bought a new stake in Walt Disney during the first quarter valued at about $1,490,492,000. Capital World Investors lifted its position in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB bought a new stake in Walt Disney during the 1st quarter valued at approximately $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney in the 2nd quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new position in Walt Disney in the 1st quarter worth approximately $425,567,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $92.99 on Friday. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $168.65 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 1.49 and a beta of 1.40. The firm has a fifty day moving average of $90.76 and a two-hundred day moving average of $100.16.

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

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. The Goldman Sachs Group started coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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 cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Loop Capital decreased their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $119.20.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.