Chevy Chase Trust Holdings LLC Lowers Holdings in The Walt Disney Company $DIS

Key Points

• Chevy Chase Trust Holdings LLC has reduced its holdings in The Walt Disney Company by 17.2%, now owning approximately 1.24 million shares valued at $154.5 million.
• Despite this decrease, other institutional investors have increased their stakes, indicating diverse investment activity around Disney amidst fluctuating market conditions.
• Analyst firms have varied opinions on Disney's stock, with target prices revised between $134 and $141, but a consensus rating of "Moderate Buy" remains in place.

Chevy Chase Trust Holdings LLC cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 17.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,245,905 shares of the entertainment giant's stock after selling 259,120 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.07% of Walt Disney worth $154,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its stake in 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. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $26,000. Kessler Investment Group LLC lifted its stake in 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. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $37,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $49,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. Evercore ISI increased their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Wall Street Zen lowered shares of Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $132.90.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.82 on Friday. The firm has a market cap of $197.45 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 company's fifty day simple moving average is $114.89 and its two-hundred day simple moving average is $110.66.

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 for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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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