Assenagon Asset Management S.A. Cuts Holdings in The Walt Disney Company $DIS

Key Points

• Assenagon Asset Management cut its Disney stake by 92% in the second quarter, selling 982,327 shares and retaining 85,698 shares valued at approximately $8.25 million. Institutional investors collectively own 65.71% of Disney’s stock.
• Disney reported quarterly EPS of $2.06, surpassing the $1.86 consensus estimate, while revenue rose 6.8% year over year to $25.25 billion, slightly below expectations.
• Analysts remain broadly optimistic, with a “Moderate Buy” consensus and an average price target of $128.61 versus the stock’s reported $103.48 price. Potential catalysts include expanding sports streaming, improving subscriber engagement and stronger parks and streaming operations, while cost pressures and softer Asian parks performance remain risks.

Assenagon Asset Management S.A. trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 92.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 85,698 shares of the entertainment giant's stock after selling 982,327 shares during the period. Assenagon Asset Management S.A.'s holdings in Walt Disney were worth $8,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss RE Ltd. bought a new position in Walt Disney in the 4th quarter valued at $25,000. Curio Wealth LLC increased its position in shares of Walt Disney by 110.4% during the 4th quarter. Curio Wealth LLC now owns 223 shares of the entertainment giant's stock valued at $26,000 after purchasing an additional 117 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $26,000. Sfam LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $26,000. Finally, Greenline Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $103.48 on Wednesday. The firm's 50 day moving average is $98.98 and its 200 day moving average is $101.73. The stock has a market capitalization of $178.67 billion, a P/E ratio of 21.34, a PEG ratio of 1.21 and a beta of 1.39. The Walt Disney Company has a 12 month low of $92.18 and a 12 month high of $119.78. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.20. The business had revenue of $25.25 billion during the quarter, compared to analyst estimates of $25.39 billion. Walt Disney had a net margin of 8.70% and a return on equity of 9.90%. Walt Disney's revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. Walt Disney has set its FY 2026 guidance at 6.642-6.642 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 6.9 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on DIS. Guggenheim restated a "buy" rating and set a $120.00 price target on shares of Walt Disney in a research report on Thursday, August 6th. Argus reaffirmed a "buy" rating and issued a $134.00 price objective on shares of Walt Disney in a research report on Thursday, August 6th. Citigroup dropped their target price on shares of Walt Disney from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th. UBS Group reduced their target price on shares of Walt Disney from $138.00 to $133.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Finally, Barclays raised their price target on shares of Walt Disney from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.61.

Key Stories Impacting Walt Disney

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Formula E deal expands Disney’s live-sports offering. Disney+ and ESPN will stream Formula E races across 144 countries beginning with the 2026–27 season. The multiyear agreement adds differentiated international sports content that could support subscriber engagement, advertising and streaming retention. Formula E announces global streaming deal with Disney+ and ESPN
• Positive Sentiment: Disney is increasing visibility for its franchises through D23. The company is livestreaming major D23 panels and the Disney Experiences showcase on Disney+, giving investors a preview of upcoming film, television, parks and consumer-products announcements. Can’t Attend D23? Disney Is Live Streaming Some of Its Biggest Panels
• Positive Sentiment: Streaming engagement continues to improve. Warner Bros. Discovery said its Disney Bundle is reducing churn and improving subscriber growth, while the new iHeartMedia video-podcast agreement adds lower-cost, recurring content to Disney+ and Hulu. Warner Bros. Discovery Says Disney Bundle Is Delivering
• Positive Sentiment: Analysts and value investors see recovery potential. Recent commentary highlights Disney’s multiyear-low valuation, elevated share buybacks and stronger parks and streaming operations. The company’s successful franchises, including Toy Story, Marvel and Star Wars, remain central to the recovery thesis.
• Neutral Sentiment: Disney is accelerating cruise-ship deliveries. Earlier delivery of newbuilds could bring forward capacity and revenue, but it also implies additional near-term capital spending and execution demands. Disney Brings Forward Delivery of Newbuilds
• Negative Sentiment: Risks remain in the parks and media businesses. Analysts cite softer Asian operations and cost pressures, while a wage-theft lawsuit involving Epcot restaurant operators could create reputational or legal distractions. These issues appear secondary to the streaming and sports catalysts but may limit enthusiasm.

Walt Disney Company Profile

The Walt Disney Company NYSE: DIS, commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney's operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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