JFS Wealth Advisors LLC Decreases Stake in The Walt Disney Company $DIS

JFS Wealth Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,229 shares of the entertainment giant’s stock after selling 147 shares during the period. JFS Wealth Advisors LLC’s holdings in Walt Disney were worth $1,268,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the second quarter worth approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after acquiring an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after acquiring an additional 717,066 shares in the last quarter. Finally, Amundi boosted its position in shares of Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after acquiring an additional 1,520,513 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.6%

Shares of NYSE DIS opened at $109.17 on Friday. The stock has a market cap of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The business has a 50-day moving average price of $115.36 and a 200 day moving average price of $110.34.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DIS shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. 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 report on Monday, August 4th. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Rosenblatt Securities upped their price objective on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently 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.