Compagnie Lombard Odier SCmA Decreases Stake in The Walt Disney Company $DIS

Key Points

• Compagnie Lombard Odier SCmA has reduced its stake in The Walt Disney Company by 2.5%, now holding 592,071 shares worth approximately $73.4 million, which accounts for about 1% of its portfolio.
• Several other institutional investors have also adjusted their holdings in Walt Disney, with 65.71% of the stock currently owned by hedge funds and institutional investors.
• Equity analysts have mixed views on Disney, with one recent downgrade to "buy" and two upgrades raising the price target, indicating a current average rating of "Moderate Buy" with a consensus price target of $131.18.

Compagnie Lombard Odier SCmA cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 592,071 shares of the entertainment giant's stock after selling 15,080 shares during the period. Walt Disney accounts for about 1.0% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 26th biggest position. Compagnie Lombard Odier SCmA's holdings in Walt Disney were worth $73,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Unified Investment Management purchased a new stake in Walt Disney during the second quarter valued at approximately $238,000. Eaton Financial Holdings Company LLC raised its position in Walt Disney by 14.2% during the second quarter. Eaton Financial Holdings Company LLC now owns 7,569 shares of the entertainment giant's stock valued at $939,000 after purchasing an additional 942 shares during the period. Revisor Wealth Management LLC purchased a new stake in Walt Disney during the second quarter valued at approximately $268,000. Fortitude Family Office LLC raised its position in Walt Disney by 4.3% during the second quarter. Fortitude Family Office LLC now owns 2,597 shares of the entertainment giant's stock valued at $322,000 after purchasing an additional 107 shares during the period. Finally, Steigerwald Gordon & Koch Inc. raised its position in Walt Disney by 2.3% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 112,665 shares of the entertainment giant's stock valued at $13,972,000 after purchasing an additional 2,557 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 1.2%

Walt Disney stock opened at $112.44 on Tuesday. 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 stock has a market capitalization of $202.16 billion, a price-to-earnings ratio of 17.62, a PEG 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 business has a fifty day moving average price of $117.56 and a 200-day moving average price of $109.22.

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

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.

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