Baron Wealth Management LLC Sells 350 Shares of The Walt Disney Company $DIS

Baron Wealth Management LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,218 shares of the entertainment giant’s stock after selling 350 shares during the period. Baron Wealth Management LLC’s holdings in Walt Disney were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its holdings in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new position in shares of Walt Disney in the 1st quarter valued at about $326,000. WoodTrust Financial Corp lifted its holdings in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after acquiring an additional 6,047 shares during the last quarter. Bank of Stockton lifted its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after acquiring an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new position in shares of Walt Disney in the 1st quarter valued at about $24,373,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DIS. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, September 4th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Barclays raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

Shares of DIS stock opened at $115.30 on Wednesday. The firm has a market cap of $207.30 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.67 and a beta of 1.55. The company’s 50 day moving average is $118.06 and its 200 day moving average is $109.05. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.