Westmount Partners LLC Sells 1,605 Shares of The Walt Disney Company $DIS

Westmount Partners LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,959 shares of the entertainment giant’s stock after selling 1,605 shares during the period. Westmount Partners LLC’s holdings in Walt Disney were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. J. Safra Sarasin Holding AG boosted its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. bought a new position in Walt Disney in the first quarter worth approximately $326,000. WoodTrust Financial Corp increased its position in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares in the last quarter. Bank of Stockton lifted its holdings in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after purchasing an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at $24,373,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

DIS opened at $115.66 on Tuesday. The firm has a market cap of $207.95 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.68 and a beta of 1.55. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a fifty day simple moving average of $118.19 and a 200 day simple moving average of $109.01.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS 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.