The Walt Disney Company $DIS Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its stake in The Walt Disney Company (NYSE:DIS) by 20.1% during the second quarter, HoldingsChannel.com reports. The firm owned 72,541 shares of the entertainment giant’s stock after selling 18,299 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Walt Disney were worth $8,996,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. First PREMIER Bank raised its stake in shares of Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $110.91 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The company has a 50-day moving average price of $115.51 and a two-hundred day moving average price of $110.29.

Walt Disney (NYSE:DIS) last posted 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 firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. UBS Group increased 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. Finally, Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus 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.