111 Capital Reduces Position in The Walt Disney Company $DIS

Key Points

• 111 Capital reduced its position in The Walt Disney Company by 44.1% during the second quarter, selling 12,249 shares and holding 15,526 shares valued at $1,925,000.
• Other institutional investors, such as DiNuzzo Private Wealth Inc. and Kessler Investment Group LLC, significantly increased their holdings in Disney, with boosts of 82.5% and 274.0% respectively.
• Disney reported earnings of $1.61 per share for the last quarter, surpassing analysts' expectations, with quarterly revenue of $23.65 billion, which was slightly below the consensus estimate of $23.69 billion.

111 Capital cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 44.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,526 shares of the entertainment giant's stock after selling 12,249 shares during the period. 111 Capital's holdings in Walt Disney were worth $1,925,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. boosted its position in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the first quarter worth about $26,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock worth $57,000 after purchasing an additional 135 shares during the last quarter. Finally, First PREMIER Bank boosted its position in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Up 0.3%

Shares of DIS opened at $112.49 on Friday. The business's 50 day moving average is $116.12 and its 200 day moving average is $109.95. The company has a market capitalization of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-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.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.

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