The Walt Disney Company $DIS Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has sold 69,760 shares of The Walt Disney Company, reducing its stock holdings by 4.7% to approximately 1.42 million shares, worth about $176 million.
• Walt Disney reported earnings of $1.61 per share, exceeding analysts' expectations, with a revenue of $23.65 billion for the quarter.
• Analysts maintain a consensus rating of "Moderate Buy" for Walt Disney stock, with price targets ranging as high as $140 from Morgan Stanley.

Assenagon Asset Management S.A. lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,421,646 shares of the entertainment giant's stock after selling 69,760 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Walt Disney worth $176,298,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DIS. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney during the 2nd quarter valued at about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after buying an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi lifted its holdings in Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after buying an additional 1,520,513 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE DIS traded down $1.15 on Friday, hitting $113.71. 23,387,671 shares of the company's stock traded hands, compared to its average volume of 6,289,260. 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's 50-day moving average price is $117.71 and its two-hundred day moving average price is $109.15. The firm has a market capitalization of $204.44 billion, a PE ratio of 17.82, a P/E/G ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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 net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the business posted $1.39 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.