Chesapeake Wealth Management Has $407,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Chesapeake Wealth Management reduced its position in The Walt Disney Company (NYSE:DIS) by 10.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,098 shares of the entertainment giant’s stock after selling 481 shares during the period. Chesapeake Wealth Management’s holdings in Walt Disney were worth $407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sound Shore Management Inc. CT acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $61,883,000. Boston Research & Management Inc. boosted its position in Walt Disney by 3.7% during the second quarter. Boston Research & Management Inc. now owns 47,479 shares of the entertainment giant’s stock worth $4,714,000 after purchasing an additional 1,690 shares during the period. Sei Investments Co. boosted its position in Walt Disney by 7.8% during the second quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock worth $63,760,000 after purchasing an additional 46,620 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Walt Disney by 4.7% in the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant’s stock valued at $12,877,000 after purchasing an additional 5,772 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Walt Disney by 69.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 621,771 shares of the entertainment giant’s stock valued at $61,667,000 after purchasing an additional 255,867 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.3 %

DIS stock opened at $93.69 on Friday. The stock has a market capitalization of $170.80 billion, a P/E ratio of 101.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $90.67 and a 200-day moving average price of $101.96. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lowered their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Raymond James lowered their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

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.