Lazard Freres Gestion S.A.S. Has $62.62 Million Holdings in The Walt Disney Company $DIS

Lazard Freres Gestion S.A.S. lessened its stake in The Walt Disney Company (NYSE:DIS) by 14.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,998 shares of the entertainment giant’s stock after selling 87,187 shares during the quarter. Walt Disney comprises approximately 1.5% of Lazard Freres Gestion S.A.S.’s investment portfolio, making the stock its 20th biggest holding. Lazard Freres Gestion S.A.S.’s holdings in Walt Disney were worth $62,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cardinal Point Capital Management ULC increased its position in Walt Disney by 3.1% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 41,287 shares of the entertainment giant’s stock valued at $5,120,000 after acquiring an additional 1,235 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of Walt Disney by 20.7% in the 2nd quarter. Carnegie Investment Counsel now owns 15,931 shares of the entertainment giant’s stock valued at $1,976,000 after purchasing an additional 2,728 shares during the last quarter. Smith Group Asset Management LLC bought a new position in shares of Walt Disney in the 2nd quarter valued at about $28,195,000. FSM Wealth Advisors LLC boosted its stake in shares of Walt Disney by 71.3% in the 2nd quarter. FSM Wealth Advisors LLC now owns 4,546 shares of the entertainment giant’s stock valued at $560,000 after purchasing an additional 1,892 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its stake in shares of Walt Disney by 7.5% in the 2nd quarter. KPP Advisory Services LLC now owns 15,730 shares of the entertainment giant’s stock valued at $1,951,000 after purchasing an additional 1,095 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $113.04 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm’s 50 day moving average price is $114.72 and its two-hundred day moving average price is $111.43. The firm has a market cap of $203.24 billion, a P/E ratio of 17.72, a PEG ratio of 1.48 and a beta of 1.54.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley lifted their price objective 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. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus 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.