Integrated Wealth Concepts LLC Sells 3,283 Shares of The Walt Disney Company (NYSE:DIS)

Integrated Wealth Concepts LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 80,258 shares of the entertainment giant’s stock after selling 3,283 shares during the period. Integrated Wealth Concepts LLC’s holdings in Walt Disney were worth $7,720,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. First PREMIER Bank lifted its holdings in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the period. FSA Wealth Management LLC bought a new stake in Walt Disney during the 3rd quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $116.45 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a 50 day moving average of $101.40 and a two-hundred day moving average of $97.36. The firm has a market capitalization of $210.88 billion, a PE ratio of 42.97, a P/E/G ratio of 2.18 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 5.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein upped their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

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.