Titus Wealth Management Sells 120 Shares of Walt Disney Co (DIS)

Titus Wealth Management cut its position in shares of Walt Disney Co (NYSE:DIS) by 4.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,514 shares of the entertainment giant’s stock after selling 120 shares during the period. Titus Wealth Management’s holdings in Walt Disney were worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lyell Wealth Management LP raised its stake in shares of Walt Disney by 352.4% in the 4th quarter. Lyell Wealth Management LP now owns 33,157 shares of the entertainment giant’s stock valued at $3,664,000 after acquiring an additional 25,828 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Walt Disney by 3.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,080 shares of the entertainment giant’s stock valued at $886,000 after acquiring an additional 234 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Walt Disney by 16.1% in the 4th quarter. Clearstead Advisors LLC now owns 51,148 shares of the entertainment giant’s stock valued at $5,608,000 after acquiring an additional 7,089 shares in the last quarter. Roof Eidam & Maycock ADV bought a new position in shares of Walt Disney in the 4th quarter valued at approximately $1,378,000. Finally, FLC Capital Advisors bought a new position in shares of Walt Disney in the 4th quarter valued at approximately $430,000. 66.71% of the stock is owned by institutional investors.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the transaction, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at approximately $3,032,218.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,000 shares of company stock worth $5,022,700. Company insiders own 0.36% of the company’s stock.

A number of research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. UBS Group raised their price objective on Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, May 6th. BMO Capital Markets raised their price objective on Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Barclays raised their price objective on Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and an average target price of $142.42.

Shares of NYSE DIS opened at $135.04 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $201.31 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00. Walt Disney Co has a 12 month low of $98.81 and a 12 month high of $142.37.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. On average, research analysts forecast that Walt Disney Co will post 6.67 earnings per share for the current fiscal year.

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About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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