The Walt Disney Company $DIS Shares Sold by Sound Shore Management Inc CT

Sound Shore Management Inc CT lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 29.2% in the second quarter, Holdings Channel.com reports. The fund owned 659,906 shares of the entertainment giant’s stock after selling 272,058 shares during the quarter. Walt Disney comprises about 2.8% of Sound Shore Management Inc CT’s holdings, making the stock its 19th biggest position. Sound Shore Management Inc CT’s holdings in Walt Disney were worth $81,835,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at $26,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Walt Disney by 82.5% in 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. Harbor Asset Planning Inc. acquired a new position in Walt Disney during the second quarter worth $37,000. RMG Wealth Management LLC acquired a new position in Walt Disney during the second quarter worth $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Walt Disney during the first quarter worth $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DIS. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

DIS opened at $111.39 on Thursday. The company has a fifty day moving average price of $113.75 and a two-hundred day moving average price of $113.45. 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 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market capitalization of $200.27 billion, a PE ratio of 17.46, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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.