Brown Shipley& Co Ltd Decreases Holdings in The Walt Disney Company $DIS

Key Points

• Brown Shipley & Co Ltd has reduced its holdings in The Walt Disney Company by 9.7%, now owning 65,998 shares, valued at approximately $8.18 million.
• Several institutional investors, such as DiNuzzo Private Wealth Inc. and Kessler Investment Group LLC, have increased their stakes in Walt Disney, indicating continued interest in the company despite Brown Shipley's reduction.
• Equities analysts remain optimistic, with a consensus rating of "Moderate Buy" and a consensus price target of $131.18 for Walt Disney's stock.

Brown Shipley& Co Ltd reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,998 shares of the entertainment giant's stock after selling 7,104 shares during the quarter. Walt Disney accounts for about 4.5% of Brown Shipley& Co Ltd's investment portfolio, making the stock its 8th largest position. Brown Shipley& Co Ltd's holdings in Walt Disney were worth $8,184,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Kessler Investment Group LLC boosted its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. First PREMIER Bank boosted its holdings in shares of Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth about $52,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Down 0.3%

DIS opened at $114.47 on Wednesday. The stock has a market cap of $205.81 billion, a PE ratio of 17.94, a PEG ratio of 1.66 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $116.70 and a 200-day moving average of $109.75. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

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

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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