Peloton Wealth Strategists Sells 1,475 Shares of The Walt Disney Company (NYSE:DIS)

Peloton Wealth Strategists trimmed its position in The Walt Disney Company (NYSE:DIS) by 11.7% in the second quarter, Holdings Channel reports. The fund owned 11,080 shares of the entertainment giant’s stock after selling 1,475 shares during the quarter. Peloton Wealth Strategists’ holdings in Walt Disney were worth $989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney during the first quarter worth about $28,000. Worth Asset Management LLC bought a new stake in Walt Disney during the 1st quarter worth approximately $29,000. GeoWealth Management LLC increased its position in Walt Disney by 136.9% in the 2nd quarter. GeoWealth Management LLC now owns 334 shares of the entertainment giant’s stock valued at $30,000 after acquiring an additional 193 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $39,000. Institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.12 during trading hours on Monday, hitting $94.03. 1,660,147 shares of the company were exchanged, compared to its average volume of 13,221,545. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $172.05 billion, a price-to-earnings ratio of 73.55, a P/E/G ratio of 1.65 and a beta of 1.30. The firm has a fifty day simple moving average of $83.95 and a 200 day simple moving average of $87.12. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $118.18.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.15. The company had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.37 billion. Walt Disney had a return on equity of 7.31% and a net margin of 2.65%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. Research analysts predict that The Walt Disney Company will post 4.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Morgan Stanley lowered their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, July 26th. Sanford C. Bernstein began coverage on Walt Disney in a report on Thursday, October 5th. They issued an “outperform” rating and a $103.00 target price on the stock. Bank of America lowered their price target on shares of Walt Disney from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, September 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $113.30.

Walt Disney Company Profile

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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.