Heritage Wealth Management LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Heritage Wealth Management LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,046 shares of the entertainment giant’s stock after selling 174 shares during the period. Heritage Wealth Management LLC’s holdings in Walt Disney were worth $177,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Walt Disney by 0.7% in the second quarter. Vanguard Group Inc. now owns 136,666,060 shares of the entertainment giant’s stock valued at $24,021,793,000 after acquiring an additional 940,877 shares during the period. BlackRock Inc. lifted its holdings in Walt Disney by 0.3% in the third quarter. BlackRock Inc. now owns 119,795,456 shares of the entertainment giant’s stock valued at $20,265,797,000 after acquiring an additional 314,932 shares during the period. State Street Corp lifted its holdings in Walt Disney by 1.9% in the second quarter. State Street Corp now owns 71,914,682 shares of the entertainment giant’s stock valued at $12,640,444,000 after acquiring an additional 1,355,380 shares during the period. Morgan Stanley raised its stake in shares of Walt Disney by 1.9% in the second quarter. Morgan Stanley now owns 32,666,477 shares of the entertainment giant’s stock worth $5,741,785,000 after buying an additional 595,313 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.0% in the second quarter. Geode Capital Management LLC now owns 27,929,476 shares of the entertainment giant’s stock worth $4,893,596,000 after buying an additional 813,689 shares during the period. 63.93% of the stock is currently owned by institutional investors.

In other news, EVP Brent Woodford sold 2,868 shares of the stock in a transaction that occurred on Tuesday, January 4th. The stock was sold at an average price of $158.89, for a total transaction of $455,696.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Several research analysts have recently commented on the company. UBS Group decreased their price objective on Walt Disney from $220.00 to $205.00 and set a “buy” rating on the stock in a research note on Thursday, November 11th. Wolfe Research decreased their target price on Walt Disney from $209.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 11th. Morgan Stanley decreased their target price on Walt Disney from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 14th. Macquarie cut their price target on Walt Disney from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, December 14th. Finally, Tigress Financial raised their price target on Walt Disney from $227.00 to $229.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $196.93.

Walt Disney stock opened at $155.44 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The Walt Disney Company has a 12 month low of $142.04 and a 12 month high of $203.02. The stock’s 50 day simple moving average is $154.81 and its two-hundred day simple moving average is $169.05. The firm has a market cap of $282.54 billion, a PE ratio of 142.61, a P/E/G ratio of 1.65 and a beta of 1.19.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.13). Walt Disney had a return on equity of 4.86% and a net margin of 2.96%. The company had revenue of $18.53 billion during the quarter, compared to analysts’ expectations of $18.85 billion. During the same quarter in the prior year, the company posted ($0.20) EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.21 EPS for the current year.

Walt Disney Company Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

Further Reading: Shanghai Stock Exchange Composite Index

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.