Douglas Lane & Associates LLC Reduces Position in The Walt Disney Company $DIS

Douglas Lane & Associates LLC cut its position in The Walt Disney Company (NYSE:DIS) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 595,670 shares of the entertainment giant’s stock after selling 40,285 shares during the period. Walt Disney accounts for 1.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 28th largest holding. Douglas Lane & Associates LLC’s holdings in Walt Disney were worth $73,869,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DIS. J. Safra Sarasin Holding AG boosted its holdings in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new position in shares of Walt Disney in the 1st quarter valued at $326,000. WoodTrust Financial Corp boosted its holdings in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares in the last quarter. Bank of Stockton boosted its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after buying an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $24,373,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Down 0.9%

DIS stock opened at $116.02 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market capitalization of $208.60 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. 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 fifty day moving average of $118.34 and a 200-day moving average of $109.01.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the business earned $1.39 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 5.47 EPS for the current 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.