The Walt Disney Company $DIS Shares Sold by Spinnaker Trust

Spinnaker Trust lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,044 shares of the entertainment giant’s stock after selling 600 shares during the quarter. Spinnaker Trust’s holdings in Walt Disney were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

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

Walt Disney Stock Up 1.4%

DIS stock opened at $111.78 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $114.24 and its 200 day simple moving average is $112.49. The stock has a market cap of $200.97 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DIS shares. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Profile

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.