EWG Elevate Inc. Sells 510 Shares of The Walt Disney Company (NYSE:DIS)

EWG Elevate Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,679 shares of the entertainment giant’s stock after selling 510 shares during the period. EWG Elevate Inc.’s holdings in Walt Disney were worth $264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc increased its stake in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $34,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Shares of DIS opened at $112.87 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $97.29 and its 200 day simple moving average is $105.71. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a market cap of $202.91 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on DIS shares. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a report on Monday, April 21st. Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.54.

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.