RSM US Wealth Management LLC Sells 223 Shares of The Walt Disney Company (NYSE:DIS)

RSM US Wealth Management LLC trimmed its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,960 shares of the entertainment giant’s stock after selling 223 shares during the period. RSM US Wealth Management LLC’s holdings in Walt Disney were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GeoWealth Management LLC purchased a new position in shares of Walt Disney during the third quarter worth approximately $25,000. Syverson Strege & Co boosted its holdings in Walt Disney by 384.8% in the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at $27,000. Core Alternative Capital bought a new stake in Walt Disney in the third quarter valued at $28,000. Finally, Strategic Asset Management LLC bought a new stake in Walt Disney in the third quarter valued at $57,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

In other news, EVP Brent Woodford sold 226 shares of the firm’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $132.50, for a total value of $29,945.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Shares of NYSE DIS traded down $0.06 during trading on Thursday, hitting $115.15. The stock had a trading volume of 639,203 shares, compared to its average volume of 12,268,704. The company has a market capitalization of $209.65 billion, a PE ratio of 68.58, a PEG ratio of 1.19 and a beta of 1.15. The firm has a fifty day moving average of $136.00 and a two-hundred day moving average of $148.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 1.05. The Walt Disney Company has a 12 month low of $113.39 and a 12 month high of $189.22.

Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The entertainment giant reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.49. The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $21.20 billion. Walt Disney had a return on equity of 6.26% and a net margin of 4.22%. During the same period in the prior year, the business earned $0.32 EPS. On average, equities analysts expect that The Walt Disney Company will post 4.49 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on DIS shares. Rosenblatt Securities assumed coverage on Walt Disney in a research report on Tuesday, April 19th. They issued a “buy” rating and a $177.00 target price for the company. Loop Capital dropped their price objective on Walt Disney from $190.00 to $165.00 in a research report on Monday, April 4th. Credit Suisse Group set a $218.00 price target on Walt Disney in a research note on Thursday, February 10th. JPMorgan Chase & Co. reduced their price target on Walt Disney from $200.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Finally, Evercore ISI dropped their price objective on Walt Disney from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $185.04.

Walt Disney Company Profile (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further Reading

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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