Tufton Capital Management Has $7.67 Million Stock Position in The Walt Disney Company $DIS

Tufton Capital Management reduced its stake in The Walt Disney Company (NYSE:DIS) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,871 shares of the entertainment giant’s stock after selling 2,338 shares during the quarter. Walt Disney comprises 1.5% of Tufton Capital Management’s holdings, making the stock its 26th largest holding. Tufton Capital Management’s holdings in Walt Disney were worth $7,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney in the second quarter worth approximately $4,220,599,000. Jennison Associates LLC lifted its stake in Walt Disney by 9.4% in the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after buying an additional 1,774,772 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Walt Disney by 9.7% in the first 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 valued at $1,826,930,000 after buying an additional 1,642,907 shares during the period. Finally, Amundi lifted its stake in Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after buying an additional 1,520,513 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIS shares. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Arete Research raised Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Finally, UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell 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 $132.90.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $112.14 on Tuesday. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock’s 50 day moving average is $114.01 and its 200-day moving average is $113.28. The firm has a market capitalization of $201.62 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.45 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 (EPS) for the quarter, topping 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 the consensus estimate of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.