waypoint wealth counsel Sells 332 Shares of The Walt Disney Company $DIS

waypoint wealth counsel reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 12.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,336 shares of the entertainment giant’s stock after selling 332 shares during the quarter. waypoint wealth counsel’s holdings in Walt Disney were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.6% in 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 in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney in the 2nd quarter worth $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Walt Disney by 9.7% in 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 buying an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi increased its holdings in Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after buying an additional 1,520,513 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DIS shares. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Citigroup lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Trading Down 1.6%

Shares of DIS stock opened at $109.17 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a fifty day moving average price of $115.36 and a 200-day moving average price of $110.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.43 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.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 company posted $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.