Chesapeake Wealth Management Sells 290 Shares of The Walt Disney Company (NYSE:DIS)

Chesapeake Wealth Management reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,808 shares of the entertainment giant’s stock after selling 290 shares during the quarter. Chesapeake Wealth Management’s holdings in Walt Disney were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors lifted its stake in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB bought a new position in shares of Walt Disney in the 1st quarter worth approximately $493,715,000. Farallon Capital Management LLC purchased a new stake in Walt Disney in the 2nd quarter worth approximately $355,673,000. International Assets Investment Management LLC increased its holdings in Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after acquiring an additional 2,298,921 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $113.55 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business has a fifty day simple moving average of $96.07 and a 200 day simple moving average of $96.60. The firm has a market cap of $205.63 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 1.85 and a beta of 1.40.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Evercore ISI raised their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday. Macquarie raised their price target on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Company 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.