Eads & Heald Wealth Management Sells 329 Shares of The Walt Disney Company (NYSE:DIS)

Posted by Defense World Staff on Apr 10th, 2023

Eads & Heald Wealth Management lowered its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,847 shares of the entertainment giant’s stock after selling 329 shares during the period. Eads & Heald Wealth Management’s holdings in Walt Disney were worth $1,029,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DIS. TD Capital Management LLC bought a new position in Walt Disney during the 3rd quarter worth $29,000. Worth Asset Management LLC acquired a new stake in Walt Disney during the first quarter worth about $29,000. Coston McIsaac & Partners acquired a new stake in Walt Disney during the second quarter worth about $38,000. IAG Wealth Partners LLC increased its holdings in Walt Disney by 167.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock valued at $39,000 after buying an additional 258 shares during the period. Finally, Bell Investment Advisors Inc raised its position in shares of Walt Disney by 86.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 567 shares of the entertainment giant’s stock valued at $54,000 after buying an additional 263 shares in the last quarter. 62.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research report on Monday, February 13th. They set an “overweight” rating and a $135.00 price objective for the company. Wells Fargo & Company upped their price objective on Walt Disney from $125.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, February 9th. KeyCorp lifted their target price on Walt Disney from $119.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 9th. Bank of America increased their target price on shares of Walt Disney from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Finally, Huber Research assumed coverage on shares of Walt Disney in a research report on Tuesday, January 17th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.92.

Walt Disney Stock Up 0.1 %

Walt Disney stock opened at $99.97 on Monday. The firm has a market cap of $182.63 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.11 and a beta of 1.29. The Walt Disney Company has a 52-week low of $84.07 and a 52-week high of $133.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 0.99. The firm has a 50 day moving average price of $101.24 and a two-hundred day moving average price of $98.18.

Walt Disney (NYSE:DIS – Get Rating) last announced its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.30. The business had revenue of $23.51 billion during the quarter, compared to the consensus estimate of $23.29 billion. Walt Disney had a net margin of 3.93% and a return on equity of 6.72%. Walt Disney’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Equities analysts predict that The Walt Disney Company will post 3.98 EPS for the current year.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now owns 33,186 shares of the company’s stock, valued at $3,267,493.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Christine M. Mccarthy sold 42,533 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the transaction, the chief financial officer now owns 181,830 shares in the company, valued at approximately $17,902,981.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now owns 33,186 shares of the company’s stock, valued at $3,267,493.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,060 shares of company stock valued at $6,317,576. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

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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.