Westhampton Capital LLC Sells 300 Shares of The Walt Disney Company $DIS

Westhampton Capital LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,515 shares of the entertainment giant’s stock after selling 300 shares during the quarter. Walt Disney makes up about 1.4% of Westhampton Capital LLC’s investment portfolio, making the stock its 18th biggest position. Westhampton Capital LLC’s holdings in Walt Disney were worth $2,792,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DIS. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Baker Tilly Wealth Management LLC increased its stake in Walt Disney by 5.4% during the first quarter. Baker Tilly Wealth Management LLC now owns 15,601 shares of the entertainment giant’s stock worth $1,540,000 after acquiring an additional 797 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of Walt Disney by 11.3% during the first quarter. Fiduciary Alliance LLC now owns 57,978 shares of the entertainment giant’s stock valued at $5,722,000 after buying an additional 5,870 shares during the period. Enterprise Bank & Trust Co boosted its position in shares of Walt Disney by 1.8% during the first quarter. Enterprise Bank & Trust Co now owns 10,874 shares of the entertainment giant’s stock valued at $1,073,000 after buying an additional 189 shares during the period. Finally, NBC Securities Inc. boosted its holdings in shares of Walt Disney by 109,828.6% in the first quarter. NBC Securities Inc. now owns 15,390 shares of the entertainment giant’s stock valued at $1,519,000 after purchasing an additional 15,376 shares during the period. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIS. Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Finally, UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of DIS opened at $114.78 on Tuesday. The business’s 50-day moving average is $116.83 and its two-hundred day moving average is $109.72. The company has a market capitalization of $206.37 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.64 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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

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.