The Walt Disney Company $DIS Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 57.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,328 shares of the entertainment giant’s stock after selling 130,501 shares during the period. Jupiter Asset Management Ltd.’s holdings in Walt Disney were worth $11,946,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. raised its position in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring 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 1st quarter worth $26,000. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney in the 2nd quarter valued at about $37,000. RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the second quarter valued at about $49,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walt Disney during the second quarter worth about $53,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

NYSE:DIS opened at $116.79 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm’s fifty day simple moving average is $113.25 and its 200 day simple moving average is $114.34. 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 firm has a market capitalization of $209.99 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The business had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.