Hedeker Wealth LLC Sells 8,755 Shares of The Walt Disney Company (NYSE:DIS)

Hedeker Wealth LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 51.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,200 shares of the entertainment giant’s stock after selling 8,755 shares during the period. Hedeker Wealth LLC’s holdings in Walt Disney were worth $814,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares during the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter worth about $1,938,647,000. Jennison Associates LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $1,490,492,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after buying an additional 293,482 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Walt Disney by 2.2% during the fourth 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. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6 %

DIS traded up $0.51 during mid-day trading on Friday, reaching $89.30. The stock had a trading volume of 10,277,743 shares, compared to its average volume of 11,680,049. The firm’s fifty day simple moving average is $95.41 and its two-hundred day simple moving average is $104.83. The stock has a market capitalization of $162.80 billion, a P/E ratio of 97.07, a P/E/G ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 4.77 EPS for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on DIS shares. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.13.

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.