Annandale Capital LLC Cuts Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Annandale Capital LLC has reduced its holdings in The Walt Disney Company by 26.7%, now owning 49,697 shares valued at approximately $4.9 million.
• Several institutional investors have made adjustments to their Disney holdings, with Rheos Capital Works Inc. notably increasing its stake by 164.7%.
• Walt Disney's recent quarterly earnings beat analyst expectations, reporting $1.61 EPS and revenue of $23.65 billion, albeit slightly below estimates.

Annandale Capital LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,697 shares of the entertainment giant's stock after selling 18,096 shares during the quarter. Walt Disney makes up 0.3% of Annandale Capital LLC's investment portfolio, making the stock its 27th biggest holding. Annandale Capital LLC's holdings in Walt Disney were worth $4,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Walt Disney during the 4th quarter valued at approximately $1,220,000. Peninsula Wealth LLC purchased a new stake in Walt Disney during the 4th quarter valued at approximately $205,000. Cohen & Steers Inc. raised its stake in shares of Walt Disney by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,254 shares of the entertainment giant's stock worth $251,000 after buying an additional 114 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its stake in shares of Walt Disney by 9.3% during the 4th quarter. CreativeOne Wealth LLC now owns 12,517 shares of the entertainment giant's stock worth $1,394,000 after buying an additional 1,069 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.3%

NYSE:DIS traded down $0.30 during mid-day trading on Thursday, hitting $116.34. The company had a trading volume of 6,607,005 shares, compared to its average volume of 9,837,803. The business has a fifty day simple moving average of $119.22 and a 200-day simple moving average of $108.08. 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 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market capitalization of $209.17 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.64 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released 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 company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the company posted $1.39 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research note on Monday. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $131.18.

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.