Fairvoy Private Wealth LLC Cuts Position in The Walt Disney Company $DIS

Key Points

• Fairvoy Private Wealth LLC significantly reduced its stake in The Walt Disney Company by 53.0% during Q2, now holding 2,180 shares worth $270,000.
• Several institutional investors have increased their holdings in Disney, with significant stake increases from Whelan Financial (34.8%) and Ashton Thomas Securities (27.8%).
• Analysts exhibit mixed sentiments towards Disney, with Citigroup and Morgan Stanley lifting target prices to $140, while Wall Street Zen downgraded the stock to a "hold" rating.

Fairvoy Private Wealth LLC cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 53.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,180 shares of the entertainment giant's stock after selling 2,454 shares during the quarter. Fairvoy Private Wealth LLC's holdings in Walt Disney were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Whelan Financial increased its holdings in shares of Walt Disney by 34.8% in the 2nd quarter. Whelan Financial now owns 7,754 shares of the entertainment giant's stock valued at $962,000 after acquiring an additional 2,001 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Walt Disney by 4.7% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,460 shares of the entertainment giant's stock worth $1,917,000 after buying an additional 695 shares during the last quarter. 1900 Wealth Management LLC grew its stake in Walt Disney by 6.7% during the 2nd quarter. 1900 Wealth Management LLC now owns 2,260 shares of the entertainment giant's stock worth $280,000 after buying an additional 142 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in Walt Disney by 27.8% during the 2nd quarter. Ashton Thomas Securities LLC now owns 32,758 shares of the entertainment giant's stock worth $4,063,000 after buying an additional 7,129 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Walt Disney during the 2nd quarter worth $519,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Citigroup boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a research note on Friday. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, UBS Group lifted their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.49 on Friday. The stock has a market cap of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The business has a 50-day simple moving average of $116.12 and a 200-day simple moving average of $109.95. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

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 (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current 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.

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