Voya Investment Management LLC Cuts Stake in The Walt Disney Company $DIS

Voya Investment Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 831,900 shares of the entertainment giant’s stock after selling 18,809 shares during the period. Voya Investment Management LLC’s holdings in Walt Disney were worth $82,108,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the period. Quadcap Wealth Management LLC raised its holdings in Walt Disney by 14.7% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,478 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 832 shares during the period. ProShare Advisors LLC raised its holdings in Walt Disney by 25.0% in the fourth quarter. ProShare Advisors LLC now owns 410,836 shares of the entertainment giant’s stock valued at $45,747,000 after buying an additional 82,083 shares during the period. Point72 Europe London LLP purchased a new position in Walt Disney in the fourth quarter valued at approximately $2,439,000. Finally, Redwood Investment Management LLC purchased a new position in Walt Disney in the fourth quarter valued at approximately $1,551,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.9%

DIS stock opened at $116.02 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month 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 company has a market capitalization of $208.60 billion, a P/E ratio of 18.18, a PEG ratio of 1.69 and a beta of 1.55. The firm has a 50 day simple moving average of $118.34 and a 200-day simple moving average of $109.03.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the company earned $1.39 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price 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.