Hedeker Wealth LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Hedeker Wealth LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 19.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,955 shares of the entertainment giant’s stock after selling 4,177 shares during the quarter. Hedeker Wealth LLC’s holdings in Walt Disney were worth $2,075,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after purchasing an additional 1,555,748 shares during the last quarter. Morgan Stanley raised its position in shares of Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after purchasing an additional 195,512 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney in the 4th quarter worth about $1,938,647,000. Charles Schwab Investment Management Inc. increased its holdings in Walt Disney by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock worth $897,758,000 after buying an additional 211,397 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Walt Disney by 4.5% in the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock worth $650,472,000 after buying an additional 309,376 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DIS. Macquarie lifted their price objective on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Guggenheim boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $126.44.

Walt Disney Price Performance

NYSE DIS traded up $0.55 during trading hours on Wednesday, reaching $98.54. The company’s stock had a trading volume of 1,131,714 shares, compared to its average volume of 11,450,767. The firm’s 50-day moving average price is $104.48 and its 200-day moving average price is $104.77. The company has a quick ratio of 0.69, a current ratio of 0.75 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 capitalization of $179.64 billion, a price-to-earnings ratio of 106.50, a PEG ratio of 1.23 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by 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.