Koss Olinger Consulting LLC Has $2.81 Million Position in The Walt Disney Company $DIS

Koss Olinger Consulting LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 5.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,651 shares of the entertainment giant’s stock after selling 1,180 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Walt Disney were worth $2,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the 2nd quarter valued at $4,220,599,000. Nuveen LLC acquired a new position in shares of Walt Disney during the 1st quarter worth about $1,353,607,000. Diamond Hill Capital Management Inc. increased its stake in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Walt Disney by 9.7% during the 1st 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 purchasing an additional 1,642,907 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.2%

Shares of DIS opened at $111.64 on Monday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market cap of $200.72 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The firm’s 50-day simple moving average is $114.64 and its 200 day simple moving average is $111.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly 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 analyst estimates of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 EPS. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DIS. Rosenblatt Securities restated a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Friday. UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective 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. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

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.