RWQ Financial Management Services Inc. reduced its position in shares of The Walt Disney Company (NYSE: DIS – Get a rating) by 26.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The company held 30,845 shares of the entertainment giant after selling 11,139 shares during the period. Walt Disney accounts for about 3.5% of RWQ Financial Management Services Inc.’s holdings, making the stock its 10th-largest position. RWQ Financial Management Services Inc.’s holdings in Walt Disney were worth $4,231,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Red Door Wealth Management LLC increased its stake in Walt Disney shares by 13.0% in the 1st quarter. Red Door Wealth Management LLC now owns 26,605 shares of the entertainment giant worth $3,649,000 after buying 3,058 additional shares in the last quarter. Essex LLC increased its stake in Walt Disney shares by 5.0% in the 1st quarter. Essex LLC now owns 33,492 shares of the entertainment giant worth $4,594,000 after buying an additional 1,599 shares in the last quarter. Epic Trust Investment Advisors LLC bought a new position in Walt Disney stock in Q1 worth $233,000. Cottage Street Advisors LLC increased its stake in Walt Disney shares by 7.5% in the 1st quarter. Cottage Street Advisors LLC now owns 4,958 shares of the entertainment giant worth $680,000 after buying 348 more shares in the last quarter. Finally, Sigma Planning Corp increased its stake in Walt Disney shares by 0.3% in the 1st quarter. Sigma Planning Corp now owns 107,624 shares of the entertainment giant worth $14,762,000 after buying 339 more shares in the last quarter. 64.17% of the shares are currently held by institutional investors and hedge funds.
NYSE: DIS opened at $96.14 on Tuesday. The Walt Disney Company has a one-year low of $92.01 and a one-year high of $187.58. The company has a debt ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.01. The company’s 50-day simple moving average is $104.03 and its 200-day simple moving average is $129.33. The company has a market capitalization of $175.04 billion, a P/E ratio of 66.30, a PEG ratio of 1.14 and a beta of 1.24.
Walt Disney (NYSE: DIS – Get a rating) last released its quarterly earnings data on Wednesday, May 11. The entertainment giant reported EPS of $1.08 for the quarter, missing the consensus estimate of $1.19 per ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. In the same quarter a year earlier, the company posted EPS of $0.79. On average, stock research analysts expect The Walt Disney Company to post earnings per share of 3.99 for the current fiscal year.
DIS has been the subject of a number of analyst reports. StockNews.com cut Walt Disney shares from a “hold” rating to a “sell” rating in a Thursday, June 2 research report. Wolfe Research lowered its price target on Walt Disney shares from $211.00 to $128.00 and set an “outperform” rating on the stock in a Thursday, June 2 research report. Wells Fargo & Company cut its price target on Walt Disney shares from $182.00 to $153.00 in a Thursday, May 12 research report. Loop Capital cut its price target on Walt Disney shares from $190.00 to $165.00 in a Monday, April 4 research report. Finally, BMO Capital Markets cut its price target on Walt Disney shares from $140.00 to $135.00 in a Thursday, May 12 research report. One investment analyst gave the stock a sell rating, five gave the company a hold rating and eighteen gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.76.
About Walt Disney (Get a rating)
The Walt Disney Company, together with its subsidiaries, operates as a worldwide entertainment company. It operates through two segments, Disney Media and Entertainment Distribution; and Parks, Experiences and Disney Products. The Company is engaged in the production and distribution of episodic film and television content, as well as television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and studios that produce films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners.
Get news and reviews for Walt Disney Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Walt Disney and related companies with MarketBeat.com’s free daily email newsletter.