Strategic Wealth Investment Group LLC Sells 57,586 Shares of The Walt Disney Company (NYSE:DIS)

Strategic Wealth Investment Group LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 82.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,869 shares of the entertainment giant’s stock after selling 57,586 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Walt Disney were worth $1,116,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DIS. Tributary Capital Management LLC bought a new stake in Walt Disney during the first quarter worth about $61,000. Capital Advisors Ltd. LLC grew its position in Walt Disney by 4.8% during the first quarter. Capital Advisors Ltd. LLC now owns 2,531 shares of the entertainment giant’s stock valued at $310,000 after buying an additional 115 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Walt Disney by 81.8% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,873 shares of the entertainment giant’s stock worth $229,000 after purchasing an additional 843 shares during the period. Albion Financial Group UT lifted its position in shares of Walt Disney by 9.6% during the 1st quarter. Albion Financial Group UT now owns 90,553 shares of the entertainment giant’s stock valued at $11,080,000 after buying an additional 7,925 shares in the last quarter. Finally, Yoder Wealth Management Inc. bought a new position in Walt Disney in the 1st quarter worth $253,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

DIS opened at $96.20 on Tuesday. The stock has a market capitalization of $175.38 billion, a PE ratio of 104.57, a P/E/G ratio of 1.49 and a beta of 1.40. 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 company’s 50 day simple moving average is $92.72 and its 200 day simple moving average is $97.84. The Walt Disney Company has a 1 year low of $79.53 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DIS. JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Loop Capital reduced their price target 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. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.