Bristlecone Advisors LLC Decreases Stock Position in The Walt Disney Company $DIS

Bristlecone Advisors LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 30.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,275 shares of the entertainment giant’s stock after selling 12,711 shares during the period. Bristlecone Advisors LLC’s holdings in Walt Disney were worth $3,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in Walt Disney in the 2nd quarter valued at about $37,000. RMG Wealth Management LLC acquired a new position in Walt Disney in the 2nd quarter valued at about $49,000. Finally, Core Alternative Capital raised its stake in Walt Disney by 71.0% in the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock valued at $53,000 after purchasing an additional 225 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” 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. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Trading Down 0.6%

NYSE DIS opened at $111.71 on Wednesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a 50-day moving average of $114.47 and a 200-day moving average of $112.32. 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 $200.85 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.47 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. 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.