Bleakley Financial Group LLC Sells 19,537 Shares of The Walt Disney Company $DIS

Key Points

• Bleakley Financial Group LLC has reduced its stake in The Walt Disney Company by 21.7%, selling 19,537 shares during the second quarter, bringing their total holdings to 70,528 shares worth approximately $8.75 million.
• The Walt Disney Company reported $1.61 earnings per share, surpassing the expected $1.45 during their last earnings report, though revenues fell slightly short of analysts' expectations at $23.65 billion.
• Several analysts have upgraded their ratings on Walt Disney, with Morgan Stanley raising their price target from $120 to $140 and both JPMorgan and Guggenheim offering similar increases, suggesting a general optimism about the company's future performance.

Bleakley Financial Group LLC lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 21.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,528 shares of the entertainment giant's stock after selling 19,537 shares during the quarter. Bleakley Financial Group LLC's holdings in Walt Disney were worth $8,746,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Kondo Wealth Advisors Inc. lifted its holdings in Walt Disney by 1.2% during the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant's stock worth $904,000 after acquiring an additional 84 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock valued at $323,000 after buying an additional 87 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after buying an additional 87 shares during the period. Apollon Financial LLC grew its stake in Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock valued at $755,000 after buying an additional 87 shares in the last quarter. Finally, Community Bank N.A. lifted its holdings in Walt Disney by 0.4% during the 2nd quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant's stock worth $2,858,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 1.1%

Shares of Walt Disney stock opened at $113.00 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a fifty day moving average of $114.78 and a 200 day moving average of $111.22. The company has a market capitalization of $203.16 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.50 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period last year, the company posted $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Wall Street Zen cut Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.