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Geneos Wealth Management Inc. Reduces Position in The Walt Disney Company (NYSE:DIS)

Geneos Wealth Management Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DISGet Rating) by 8.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 30,862 shares of the entertainment giant’s stock after selling 2,881 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Walt Disney were worth $4,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. First American Trust FSB boosted its position in Walt Disney by 7.3% in the first quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock worth $5,737,000 after purchasing an additional 2,852 shares during the last quarter. Northwest Investment Counselors LLC lifted its position in shares of Walt Disney by 1.0% during the 1st quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock valued at $3,291,000 after buying an additional 237 shares in the last quarter. Marietta Wealth Management LLC lifted its position in shares of Walt Disney by 9.3% during the 1st quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock valued at $7,348,000 after buying an additional 4,566 shares in the last quarter. Alta Capital Management LLC lifted its position in shares of Walt Disney by 4.0% during the 1st quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock valued at $57,320,000 after buying an additional 16,232 shares in the last quarter. Finally, First PREMIER Bank lifted its position in shares of Walt Disney by 3.3% during the 1st quarter. First PREMIER Bank now owns 7,929 shares of the entertainment giant’s stock valued at $1,088,000 after buying an additional 250 shares in the last quarter. 61.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $116.39 on Tuesday. The stock has a market cap of $212.19 billion, a price-to-earnings ratio of 67.67, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The stock has a 50 day moving average price of $107.86 and a 200-day moving average price of $114.94. The Walt Disney Company has a one year low of $90.23 and a one year high of $185.90.

Walt Disney (NYSE:DISGet Rating) last announced its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The company’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Equities analysts expect that The Walt Disney Company will post 3.85 EPS for the current year.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. KGI Securities initiated coverage on Walt Disney in a research report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price objective on the stock. Morgan Stanley lowered their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, June 30th. KeyCorp lifted their target price on Walt Disney from $131.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Finally, Barclays decreased their target price on Walt Disney from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Company Profile

(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.

See Also

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).

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