Wharton Business Group LLC Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Wharton Business Group LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,713 shares of the entertainment giant’s stock after selling 199 shares during the period. Wharton Business Group LLC’s holdings in Walt Disney were worth $261,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney in the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank grew its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walt Disney during the third quarter worth approximately $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC increased their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen increased their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Trading Down 1.0 %

NYSE:DIS opened at $113.96 on Monday. The company has a market capitalization of $206.68 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a fifty day simple moving average of $95.57 and a 200-day simple moving average of $96.60.

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.