American Century Companies Inc. Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

American Century Companies Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 9.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,075,236 shares of the entertainment giant’s stock after selling 111,403 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of Walt Disney worth $106,126,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter valued at about $26,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the period. Copia Wealth Management purchased a new position in shares of Walt Disney during the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Jefferies Financial Group reissued a “hold” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Down 0.8%

DIS opened at $115.36 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $119.33 and a 200-day moving average price of $108.09. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $207.41 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.67 and a beta of 1.56.

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

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.