WealthBridge Investment Counsel Inc. Has $7.66 Million Stock Position in The Walt Disney Company (NYSE:DIS)

WealthBridge Investment Counsel Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,611 shares of the entertainment giant’s stock after selling 550 shares during the quarter. Walt Disney accounts for 2.8% of WealthBridge Investment Counsel Inc.’s investment portfolio, making the stock its 14th largest holding. WealthBridge Investment Counsel Inc.’s holdings in Walt Disney were worth $7,661,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DIS. Vaughan Nelson Investment Management L.P. raised its holdings in Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after buying an additional 916,772 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares in the last quarter. WNY Asset Management LLC lifted its holdings in shares of Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares in the last quarter. Telos Capital Management Inc. grew its holdings in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares in the last quarter. Finally, Howard Capital Management Group LLC boosted its holdings in Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after acquiring an additional 3,716 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.62 on Thursday, reaching $98.61. The stock had a trading volume of 5,029,969 shares, compared to its average volume of 9,798,412. The business’s 50 day moving average is $103.86 and its two-hundred day moving average is $104.76. 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 1 year low of $78.73 and a 1 year high of $123.74. The company has a market cap of $179.77 billion, a P/E ratio of 107.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for 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 prior year, the company posted $0.93 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on DIS shares. Barclays decreased their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. UBS Group cut their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Evercore ISI decreased their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, Raymond James boosted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Insider Activity at Walt Disney

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

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.