The Walt Disney Company (NYSE:DIS) Stock Holdings Lessened by IMS Capital Management

IMS Capital Management trimmed its position in The Walt Disney Company (NYSE:DISGet Rating) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,082 shares of the entertainment giant’s stock after selling 406 shares during the quarter. Walt Disney makes up approximately 1.8% of IMS Capital Management’s portfolio, making the stock its 9th biggest holding. IMS Capital Management’s holdings in Walt Disney were worth $2,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Perspectives Financial Planning LLC raised its stake in Walt Disney by 126.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 101 shares in the last quarter. Roble Belko & Company Inc raised its stake in Walt Disney by 96.2% in the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Worth Asset Management LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $29,000. Rational Advisors LLC raised its stake in Walt Disney by 74.1% in the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 103 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its stake in Walt Disney by 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. 61.37% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $102.16 on Friday. The stock has a market cap of $186.24 billion, a P/E ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The firm’s fifty day simple moving average is $110.43 and its 200 day simple moving average is $113.15. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $179.63. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 3.85 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent analyst reports. Citigroup lowered their target price on shares of Walt Disney from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Wolfe Research lowered their target price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. Rosenblatt Securities increased their price target on shares of Walt Disney from $124.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Finally, KeyCorp increased their price target on shares of Walt Disney from $131.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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