Destiny Wealth Partners LLC Sells 2,618 Shares of The Walt Disney Company $DIS

Key Points

• Destiny Wealth Partners LLC significantly reduced its stake in Walt Disney by 47.7%, selling 2,618 shares, leaving it with 2,865 shares valued at $355,000.
• Multiple institutional investors made notable moves, with Kingstone Capital Partners acquiring a new position valued at approximately $4.22 billion.
• Walt Disney's recent earnings report exceeded expectations, posting $1.61 EPS, with a slight year-over-year revenue growth of 2.1%, albeit falling short of analyst revenue projections.

Destiny Wealth Partners LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 47.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,865 shares of the entertainment giant's stock after selling 2,618 shares during the period. Destiny Wealth Partners LLC's holdings in Walt Disney were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the second quarter valued at $4,220,599,000. Nuveen LLC purchased a new position in shares of Walt Disney during the 1st quarter worth about $1,353,607,000. Diamond Hill Capital Management Inc. grew its holdings in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. raised its position in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, GAMMA Investing LLC raised its position in Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after purchasing an additional 2,427,728 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Barclays upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Down 0.4%

Shares of NYSE:DIS opened at $112.95 on Friday. The company has a market capitalization of $203.07 billion, a PE ratio of 17.70, a P/E/G ratio of 1.64 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business's fifty day simple moving average is $117.11 and its 200-day simple moving average is $109.34.

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