Home Hedge Funds InTrack Investment Management Inc Sells 3,004 Shares of The Walt Disney Company...

InTrack Investment Management Inc Sells 3,004 Shares of The Walt Disney Company (NYSE:DIS)

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InTrack Investment Management Inc cut its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 20.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,344 shares of the entertainment giant’s stock after selling 3,004 shares during the period. Walt Disney comprises approximately 1.3% of InTrack Investment Management Inc’s portfolio, making the stock its 21st biggest holding. InTrack Investment Management Inc’s holdings in Walt Disney were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Syverson Strege & Co grew its holdings in Walt Disney by 384.8% during the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 127 shares during the period. Sandy Cove Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at $27,000. MBM Wealth Consultants LLC grew its holdings in Walt Disney by 94.7% during the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Advanced Research Investment Solutions LLC grew its holdings in Walt Disney by 46.0% during the fourth quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant’s stock valued at $36,000 after purchasing an additional 75 shares during the period. Finally, Delos Wealth Advisors LLC grew its holdings in Walt Disney by 2,933.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock valued at $42,000 after purchasing an additional 264 shares during the period. 64.17% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Moffett Nathanson reduced their price objective on Walt Disney from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, March 7th. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $191.00 to $130.00 in a report on Monday, June 6th. BMO Capital Markets cut their price target on Walt Disney from $140.00 to $135.00 in a report on Thursday, May 12th. Credit Suisse Group cut their price target on Walt Disney from $218.00 to $170.00 in a report on Thursday, May 12th. Finally, StockNews.com lowered Walt Disney from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $167.56.

NYSE DIS opened at $97.78 on Friday. The stock’s 50-day simple moving average is $107.42 and its two-hundred day simple moving average is $131.78. The Walt Disney Company has a twelve month low of $92.01 and a twelve month high of $187.58. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $178.02 billion, a price-to-earnings ratio of 67.43, a PEG ratio of 1.14 and a beta of 1.21.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same period in the previous year, the company posted $0.79 EPS. On average, equities analysts expect that The Walt Disney Company will post 4.03 earnings per share for the current fiscal year.

About Walt Disney (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further Reading

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DISGet Rating).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)



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