The Walt Disney Company $DIS Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 23.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 87,648 shares of the entertainment giant’s stock after selling 27,285 shares during the quarter. Metis Global Partners LLC’s holdings in Walt Disney were worth $10,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Walt Disney by 82.5% during the second 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 during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC acquired a new position in Walt Disney in the 2nd quarter worth approximately $49,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walt Disney during the second quarter valued at $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

NYSE DIS opened at $110.80 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock’s 50-day moving average is $113.45 and its two-hundred day moving average is $113.62. The firm has a market cap of $199.21 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued 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 return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.