Giverny Capital Inc. Trims Holdings in The Walt Disney Company $DIS

Giverny Capital Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,503 shares of the entertainment giant’s stock after selling 715 shares during the period. Walt Disney accounts for about 0.9% of Giverny Capital Inc.’s investment portfolio, making the stock its 28th largest holding. Giverny Capital Inc.’s holdings in Walt Disney were worth $24,429,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the 1st quarter worth about $26,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management bought a new position in Walt Disney during the 4th quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $115.36 on Monday. 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 company has a market capitalization of $207.41 billion, a PE ratio of 18.08, a P/E/G ratio of 1.67 and a beta of 1.56. The company has a 50 day moving average price of $119.33 and a 200-day moving average price of $108.06. 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, beating 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 business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIS. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $131.18.

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.