Douglas Lane & Associates LLC Sells 40,285 Shares of The Walt Disney Company $DIS

Key Points

• Douglas Lane & Associates LLC reduced its position in The Walt Disney Company by 6.3%, now holding 595,670 shares worth approximately $73.87 million.
• A variety of large investors have recently altered their investments in Disney, with J. Safra Sarasin Holding AG increasing its holdings by 8.1% in the first quarter.
• Analysts show a mixed sentiment on Disney's stock, with a consensus rating of "Moderate Buy" and an average price target of $131.18.

Douglas Lane & Associates LLC decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 595,670 shares of the entertainment giant's stock after selling 40,285 shares during the quarter. Walt Disney makes up 1.1% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 28th biggest holding. Douglas Lane & Associates LLC's holdings in Walt Disney were worth $73,869,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. J. Safra Sarasin Holding AG boosted its position in Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new stake in Walt Disney during the first quarter valued at $326,000. WoodTrust Financial Corp boosted its position in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares during the last quarter. Bank of Stockton boosted its position in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new stake in Walt Disney during the first quarter valued at $24,373,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded up $0.58 during trading hours on Wednesday, hitting $115.81. The stock had a trading volume of 2,026,061 shares, compared to its average volume of 9,367,075. The Walt Disney Company has a one year low of $80.10 and a one year 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 $208.22 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.67 and a beta of 1.55. The company has a 50 day simple moving average of $118.06 and a two-hundred day simple moving average of $109.05.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.