Tocqueville Asset Management L.P. Sells 88,500 Shares of The Walt Disney Company (NYSE:DIS)

Tocqueville Asset Management L.P. reduced its holdings in The Walt Disney Company (NYSE:DIS) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343,163 shares of the entertainment giant’s stock after selling 88,500 shares during the period. Tocqueville Asset Management L.P.’s holdings in Walt Disney were worth $33,870,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Gen Wealth Partners Inc increased its position in Walt Disney by 9.0% in the 1st quarter. Gen Wealth Partners Inc now owns 12,395 shares of the entertainment giant’s stock worth $1,223,000 after buying an additional 1,020 shares during the period. Nations Financial Group Inc. IA ADV increased its position in shares of Walt Disney by 24.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,729 shares of the entertainment giant’s stock valued at $1,158,000 after purchasing an additional 2,270 shares during the period. Ethic Inc. increased its position in shares of Walt Disney by 1.0% during the first quarter. Ethic Inc. now owns 193,449 shares of the entertainment giant’s stock valued at $18,896,000 after purchasing an additional 1,884 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Walt Disney by 2.4% during the first quarter. EverSource Wealth Advisors LLC now owns 9,214 shares of the entertainment giant’s stock valued at $909,000 after purchasing an additional 212 shares during the period. Finally, Brandywine Global Investment Management LLC increased its position in shares of Walt Disney by 68.6% during the first quarter. Brandywine Global Investment Management LLC now owns 2,038,345 shares of the entertainment giant’s stock valued at $201,185,000 after purchasing an additional 829,260 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $115.36 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $207.41 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.68 and a beta of 1.56. The business’s fifty day moving average is $119.33 and its two-hundred day moving average is $108.13. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Wall Street Zen cut Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Rosenblatt Securities boosted their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Susquehanna restated a “neutral” rating on shares of Walt Disney in a research report on Monday. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.