Atticus Wealth Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 27.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,028 shares of the entertainment giant’s stock after selling 2,238 shares during the period. Atticus Wealth Management LLC’s holdings in Walt Disney were worth $569,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of DIS. Norges Bank purchased a new position in Walt Disney during the fourth quarter worth approximately $2,290,736,000. Loomis Sayles & Co. L P increased its position in shares of Walt Disney by 25.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after acquiring an additional 2,707,126 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Walt Disney by 106.7% in the first quarter. SG Americas Securities LLC now owns 166,124 shares of the entertainment giant’s stock worth $22,786,000 after acquiring an additional 2,640,795 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Walt Disney by 1.8% in the first quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock worth $19,266,382,000 after acquiring an additional 2,514,894 shares in the last quarter. Finally, D1 Capital Partners L.P. increased its position in shares of Walt Disney by 75.7% in the fourth quarter. D1 Capital Partners L.P. now owns 5,430,761 shares of the entertainment giant’s stock worth $841,171,000 after acquiring an additional 2,340,000 shares in the last quarter. Hedge funds and other institutional investors own 61.37% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently issued reports on DIS. StockNews.com raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Evercore ISI lowered their price target on shares of Walt Disney from $150.00 to $130.00 in a report on Wednesday, July 27th. Morgan Stanley lowered their price target on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. Finally, Wells Fargo & Company raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $151.48.
Insider Activity at Walt Disney
Walt Disney Trading Down 2.2 %
Walt Disney stock opened at $102.16 on Friday. The firm’s 50-day moving average is $110.43 and its 200-day moving average is $113.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $179.63. The company has a market cap of $186.24 billion, a P/E ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20.
Walt Disney (NYSE:DIS – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same period last year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 3.85 earnings per share for the current year.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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