AM Investment Strategies LLC Reduces Position in The Walt Disney Company $DIS

AM Investment Strategies LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 35.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,083 shares of the entertainment giant's stock after selling 2,260 shares during the period. AM Investment Strategies LLC's holdings in Walt Disney were worth $503,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Unified Investment Management purchased a new position in shares of Walt Disney during the second quarter valued at approximately $238,000. Eaton Financial Holdings Company LLC boosted its position in shares of Walt Disney by 14.2% during the second quarter. Eaton Financial Holdings Company LLC now owns 7,569 shares of the entertainment giant's stock valued at $939,000 after buying an additional 942 shares during the period. Revisor Wealth Management LLC purchased a new position in shares of Walt Disney during the second quarter valued at approximately $268,000. Fortitude Family Office LLC boosted its position in shares of Walt Disney by 4.3% during the second quarter. Fortitude Family Office LLC now owns 2,597 shares of the entertainment giant's stock valued at $322,000 after buying an additional 107 shares during the period. Finally, Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Walt Disney by 2.3% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 112,665 shares of the entertainment giant's stock valued at $13,972,000 after purchasing an additional 2,557 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS opened at $112.21 on Wednesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a fifty day moving average price of $117.43 and a 200-day moving average price of $109.24. 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 firm has a market cap of $201.74 billion, a PE ratio of 17.59, a P/E/G ratio of 1.63 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on DIS shares. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. 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. Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. One 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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