Cresset Asset Management LLC Cuts Position in The Walt Disney Company $DIS

Key Points

• Cresset Asset Management LLC reduced its ownership in The Walt Disney Company by 31.9%, now holding 131,067 shares valued at approximately $12.9 million.
• Despite Cresset’s decrease, several other investors have increased their stakes in Disney, contributing to institutional investors owning 65.71% of the company's shares.
• Analysts have mixed ratings on Disney's stock, with eight analysts recommending a hold, while twenty have given a buy rating, indicating a consensus rating of "Moderate Buy."

Cresset Asset Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 31.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 131,067 shares of the entertainment giant's stock after selling 61,405 shares during the quarter. Cresset Asset Management LLC's holdings in Walt Disney were worth $12,936,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Northern Trust Corp increased its stake in Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Bank of New York Mellon Corp lifted its position in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after purchasing an additional 717,066 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Finally, Nuveen LLC bought a new position in shares of Walt Disney in the first quarter worth approximately $1,353,607,000. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DIS shares. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Chardan Capital restated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.3470 during mid-day trading on Tuesday, reaching $116.2030. The company's stock had a trading volume of 5,746,095 shares, compared to its average volume of 9,765,839. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. 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 firm has a market capitalization of $208.93 billion, a PE ratio of 18.21, a P/E/G ratio of 1.67 and a beta of 1.56. The stock has a fifty day moving average of $119.35 and a two-hundred day moving average of $108.08.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS 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.