Burns J W & Co. Inc. NY Decreases Position in The Walt Disney Company $DIS

Key Points

• Burns J W & Co. Inc. reduced its position in The Walt Disney Company by 9.1%, owning 28,498 shares worth approximately $3.53 million as of the latest quarter.
• Institutional investors hold 65.71% of Disney’s stock, with significant increases in stakes from firms like Vanguard Group and UBS, reflecting ongoing institutional interest.
• Analysts have increasingly optimistic views on Disney, with Citigroup and Morgan Stanley raising their price targets to $140, resulting in a consensus rating of "Moderate Buy" with an average price target of $131.18.

Burns J W & Co. Inc. NY trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,498 shares of the entertainment giant's stock after selling 2,838 shares during the quarter. Burns J W & Co. Inc. NY's holdings in Walt Disney were worth $3,534,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the first quarter valued at about $26,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Copia Wealth Management acquired a new position in shares of Walt Disney in the fourth quarter worth approximately $36,000. Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth approximately $39,000. Finally, First PREMIER Bank lifted its stake in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after acquiring an additional 205 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.0%

NYSE:DIS traded down $1.15 during trading hours on Friday, reaching $113.71. 23,387,671 shares of the company traded hands, compared to its average volume of 6,289,260. The business's 50-day moving average price is $117.71 and its two-hundred day moving average price is $109.15. The stock has a market capitalization of $204.44 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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

Analysts Set New Price Targets

A number of research firms recently commented on DIS. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, September 4th. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.