The Walt Disney Company $DIS Shares Sold by Davidson Trust Co.

Davidson Trust Co. lowered its position in The Walt Disney Company (NYSE:DIS) by 3.3% during the second quarter, Holdings Channel.com reports. The fund owned 14,820 shares of the entertainment giant’s stock after selling 505 shares during the quarter. Davidson Trust Co.’s holdings in Walt Disney were worth $1,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. lifted its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter worth about $26,000. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the second quarter worth about $49,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8%

Shares of Walt Disney stock opened at $111.12 on Wednesday. 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 firm has a market cap of $199.79 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50-day moving average price of $115.03 and a 200 day moving average price of $110.57.

Walt Disney (NYSE:DIS) last issued its 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 return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DIS shares. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

About Walt Disney

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.