The Walt Disney Company (NYSE:DIS) Shares Sold by Loveless Wealth Management LLC
Loveless Wealth Management LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,895 shares of the entertainment giant’s stock after selling 310 shares during the quarter. The Walt Disney makes up 1.3% of Loveless Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Loveless Wealth Management LLC’s holdings in The Walt Disney were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of The Walt Disney by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after purchasing an additional 10,757,398 shares during the last quarter. Coatue Management LLC grew its stake in The Walt Disney by 19,729.5% in the second quarter. Coatue Management LLC now owns 9,199,122 shares of the entertainment giant’s stock worth $1,025,795,000 after purchasing an additional 9,152,731 shares in the last quarter. Public Investment Fund bought a new stake in The Walt Disney in the first quarter valued at about $495,802,000. Fisher Asset Management LLC raised its stake in The Walt Disney by 101.7% during the second quarter. Fisher Asset Management LLC now owns 9,086,531 shares of the entertainment giant’s stock valued at $1,013,239,000 after buying an additional 4,581,961 shares in the last quarter. Finally, Third Point LLC lifted its holdings in The Walt Disney by 286.0% during the 2nd quarter. Third Point LLC now owns 5,500,000 shares of the entertainment giant’s stock worth $613,305,000 after buying an additional 4,075,000 shares during the last quarter. 62.72% of the stock is owned by institutional investors.
DIS has been the topic of several research reports. UBS Group reissued a “hold” rating and set a $126.00 price target on shares of The Walt Disney in a research report on Thursday, June 25th. Rosenblatt Securities increased their target price on shares of The Walt Disney from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Cowen downgraded shares of The Walt Disney from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $101.00 to $97.00 in a research report on Thursday, July 16th. BMO Capital Markets increased their price objective on shares of The Walt Disney from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, ValuEngine upgraded The Walt Disney from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. The Walt Disney currently has an average rating of “Buy” and an average target price of $134.70.
NYSE DIS opened at $126.81 on Friday. The company has a market capitalization of $229.15 billion, a P/E ratio of -204.53, a PEG ratio of 6.23 and a beta of 1.09. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The company’s 50 day simple moving average is $128.38 and its 200 day simple moving average is $117.94.
The Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.64) by $0.72. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The company had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the company posted $1.35 earnings per share. The business’s revenue for the quarter was down 41.7% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 1.59 earnings per share for the current year.
The Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.
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