The Walt Disney Company $DIS Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its holdings in The Walt Disney Company by 24.8%, owning 96,672 shares after selling 31,829 shares in the first quarter.
• Despite these reductions, other investors such as J. Safra Sarasin Holding AG and WoodTrust Financial Corp increased their positions in Disney, highlighting a mixed sentiment among institutional investors.
• The company reported $1.61 earnings per share for the quarter, exceeding analysts' expectations, although its revenue of $23.65 billion slightly missed forecasts.

Curi RMB Capital LLC cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 24.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,672 shares of the entertainment giant's stock after selling 31,829 shares during the period. Curi RMB Capital LLC's holdings in Walt Disney were worth $9,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Clearstead Trust LLC raised its position in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after purchasing an additional 99 shares during the period. Hemington Wealth Management increased its stake in shares of Walt Disney by 1.9% during the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares in the last quarter. Leigh Baldwin & CO. LLC grew its stake in Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after acquiring an additional 108 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after purchasing an additional 113 shares during the last quarter. Finally, RD Lewis Holdings Inc. lifted its holdings in Walt Disney by 0.7% in the 1st quarter. RD Lewis Holdings Inc. now owns 15,899 shares of the entertainment giant's stock worth $1,470,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on DIS shares. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday. One investment 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.70 during trading hours on Monday, hitting $118.61. 3,770,676 shares of the company's stock were exchanged, compared to its average volume of 9,472,561. The company's 50-day moving average price is $119.01 and its 200-day moving average price is $108.77. 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 $213.26 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.71 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.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for 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 company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share 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.