KPP Advisory Services LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

KPP Advisory Services LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 10.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,587 shares of the entertainment giant’s stock after selling 1,418 shares during the quarter. KPP Advisory Services LLC’s holdings in Walt Disney were worth $1,211,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares in the last quarter. Legal & General Group Plc lifted its holdings in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Walt Disney by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock valued at $988,290,000 after buying an additional 102,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Walt Disney by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,197,458 shares of the entertainment giant’s stock valued at $714,806,000 after buying an additional 1,047,560 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock traded up $5.96 during trading hours on Friday, reaching $115.08. 32,048,032 shares of the company’s stock were exchanged, compared to its average volume of 11,005,124. The business has a fifty day moving average price of $95.57 and a 200-day moving average price of $96.79. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $208.71 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Macquarie raised their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital boosted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Company 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.