LGT Fund Management Co Ltd. Reduces Stock Position in The Walt Disney Company $DIS

LGT Fund Management Co Ltd. reduced its holdings in The Walt Disney Company (NYSE:DIS) by 13.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,957 shares of the entertainment giant’s stock after selling 1,105 shares during the period. LGT Fund Management Co Ltd.’s holdings in Walt Disney were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $4,220,599,000. Nuveen LLC purchased a new position in shares of Walt Disney during the 1st quarter worth about $1,353,607,000. Diamond Hill Capital Management Inc. boosted its stake in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the period. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.3%

Shares of DIS opened at $112.49 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a 50-day moving average of $116.12 and a 200 day moving average of $110.02. The firm has a market capitalization of $202.25 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the business posted $1.39 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Saturday, September 27th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.18.

About Walt Disney

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.