Callan Family Office LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Callan Family Office LLC reduced its stake in The Walt Disney Company by 28.6%, selling 8,501 shares to hold 21,218 shares valued at approximately $2.09 million.
• Other institutional investors, such as Vanguard Group and Northern Trust Corp, have increased their holdings in Disney, with Vanguard now owning over 155 million shares worth nearly $15.4 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for Disney stock, with a price target averaging around $131.18.

Callan Family Office LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 28.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,218 shares of the entertainment giant's stock after selling 8,501 shares during the period. Callan Family Office LLC's holdings in Walt Disney were worth $2,094,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. J. Safra Sarasin Holding AG grew its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after acquiring an additional 16,781 shares during the period. Planning Directions Inc. bought a new stake in shares of Walt Disney during the 1st quarter valued at $326,000. WoodTrust Financial Corp grew its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares during the period. Bank of Stockton grew its position in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares during the period. Finally, Rheos Capital Works Inc. grew its position in shares of Walt Disney by 164.7% during the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after acquiring an additional 246,000 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS traded up $3.02 during mid-day trading on Wednesday, hitting $116.74. 9,023,464 shares of the company's stock traded hands, compared to its average volume of 8,971,034. The company's 50-day moving average is $119.22 and its two-hundred day moving average is $108.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $209.89 billion, a P/E ratio of 18.30, a PEG ratio of 1.64 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, August 7th. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.