Wharton Business Group LLC Sells 199 Shares of The Walt Disney Company (NYSE:DIS)

Wharton Business Group LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,713 shares of the entertainment giant’s stock after selling 199 shares during the quarter. Wharton Business Group LLC’s holdings in Walt Disney were worth $261,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB bought a new position in Walt Disney during the 1st quarter worth about $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney during the 2nd quarter worth about $355,673,000. International Assets Investment Management LLC grew its holdings in Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI lifted their target price on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Stock Down 1.0 %

Shares of DIS opened at $113.96 on Monday. The firm has a market cap of $206.68 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company’s 50-day moving average price is $95.57 and its 200 day moving average price is $96.60. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37.

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.