B. Riley Wealth Advisors Inc. Decreases Stake in The Walt Disney Company (NYSE:DIS)

B. Riley Wealth Advisors Inc. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 64,401 shares of the entertainment giant’s stock after selling 1,140 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Walt Disney were worth $7,880,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the fourth quarter worth $28,000. Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. ESL Trust Services LLC purchased a new stake in Walt Disney during the 1st quarter worth approximately $31,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $33,000. Finally, Evolution Advisers Inc. lifted its position in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS traded down $0.10 during mid-day trading on Wednesday, hitting $93.69. The company’s stock had a trading volume of 9,898,927 shares, compared to its average volume of 11,319,031. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a 50-day moving average price of $98.98 and a 200 day moving average price of $105.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market capitalization of $170.80 billion, a price-to-earnings ratio of 102.39, a PEG ratio of 1.15 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, research analysts predict that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Guggenheim raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Company boosted their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. UBS Group cut their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $128.13.

Insider Activity

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

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.