Exchange Traded Concepts LLC Sells 7,883 Shares of The Walt Disney Company $DIS

Key Points

• Exchange Traded Concepts LLC reduced its holdings in The Walt Disney Company by 9.4%, selling 7,883 shares during the second quarter, resulting in a current ownership of 76,382 shares valued at approximately $9.47 million.
• The Walt Disney Company reported earnings of $1.61 EPS for the last quarter, exceeding analysts' expectations of $1.45 EPS, with a slight revenue increase of 2.1% year-over-year.
• Analysts have mixed views on DIS stock, with price targets ranging from $120 to $140 and a consensus rating of "Moderate Buy."

Exchange Traded Concepts LLC reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,382 shares of the entertainment giant's stock after selling 7,883 shares during the period. Exchange Traded Concepts LLC's holdings in Walt Disney were worth $9,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Strathmore Capital Advisors Inc. purchased a new stake in shares of Walt Disney in the second quarter valued at about $579,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Walt Disney by 0.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 676,770 shares of the entertainment giant's stock valued at $83,926,000 after purchasing an additional 2,200 shares during the period. Alecta Tjanstepension Omsesidigt boosted its stake in Walt Disney by 6.3% during the second quarter. Alecta Tjanstepension Omsesidigt now owns 3,890,400 shares of the entertainment giant's stock worth $482,137,000 after buying an additional 231,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Walt Disney by 5.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 484,002 shares of the entertainment giant's stock worth $60,021,000 after buying an additional 22,851 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in Walt Disney by 1.7% during the second quarter. Focus Financial Network Inc. now owns 10,734 shares of the entertainment giant's stock worth $1,331,000 after buying an additional 182 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS traded down $1.15 on Friday, reaching $113.71. The stock had a trading volume of 23,387,671 shares, compared to its average volume of 6,289,260. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a 50-day moving average of $117.71 and a 200-day moving average of $109.15. 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 company has a market capitalization of $204.44 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.