Impax Asset Management Group plc Trims Stake in The Walt Disney Company $DIS

Impax Asset Management Group plc cut its position in shares of The Walt Disney Company (NYSE:DIS) by 42.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,628 shares of the entertainment giant’s stock after selling 171,131 shares during the period. Impax Asset Management Group plc’s holdings in Walt Disney were worth $28,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter worth approximately $26,000. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney during the second quarter valued at approximately $49,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walt Disney during the second quarter valued at approximately $53,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DIS shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a report on Wednesday. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Price Performance

Shares of DIS stock opened at $116.79 on Thursday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. 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 firm has a market capitalization of $209.99 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.45 and a beta of 1.55. The stock’s 50-day simple moving average is $113.25 and its 200-day simple moving average is $114.34.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.