The Walt Disney Company $DIS Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 1.3% during the 2nd quarter, Holdings Channel reports. The firm owned 25,173 shares of the entertainment giant’s stock after selling 328 shares during the period. Studio Investment Management LLC’s holdings in Walt Disney were worth $3,122,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. boosted its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney during the second quarter worth approximately $37,000. Finally, RMG Wealth Management LLC acquired a new stake in Walt Disney during the second quarter worth approximately $49,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock opened at $114.32 on Wednesday. The company’s fifty day simple moving average is $114.86 and its 200-day simple moving average is $111.21. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market cap of $205.54 billion, a PE ratio of 17.92, a P/E/G ratio of 1.47 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised 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. Guggenheim increased 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. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.