First Business Financial Services Inc. Sells 19,449 Shares of The Walt Disney Company $DIS

Key Points

• First Business Financial Services Inc. has reduced its stake in The Walt Disney Company by 86.5%, now holding only 3,032 shares after selling 19,449 during the second quarter.
• Several institutional investors have increased their positions in Disney, with Jackson Hole Capital Partners raising its stake by 17.5% and Generali Investments increasing theirs by 42.4% in the same period.
• Walt Disney reported $1.61 earnings per share for the last quarter, surpassing analysts' expectations of $1.45, and had a revenue of $23.65 billion, slightly below the consensus estimate.

First Business Financial Services Inc. decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 86.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,032 shares of the entertainment giant's stock after selling 19,449 shares during the quarter. First Business Financial Services Inc.'s holdings in Walt Disney were worth $376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Jackson Hole Capital Partners LLC lifted its position in Walt Disney by 17.5% during the second quarter. Jackson Hole Capital Partners LLC now owns 21,719 shares of the entertainment giant's stock valued at $2,693,000 after purchasing an additional 3,234 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in shares of Walt Disney by 42.4% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,100 shares of the entertainment giant's stock worth $1,501,000 after acquiring an additional 3,600 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Walt Disney by 1.7% in the second quarter. Asset Management One Co. Ltd. now owns 857,932 shares of the entertainment giant's stock valued at $106,392,000 after acquiring an additional 14,164 shares during the period. Cardinal Point Capital Management ULC boosted its position in Walt Disney by 3.1% in the second quarter. Cardinal Point Capital Management ULC now owns 41,287 shares of the entertainment giant's stock worth $5,120,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its stake in shares of Walt Disney by 20.7% in the 2nd quarter. Carnegie Investment Counsel now owns 15,931 shares of the entertainment giant's stock worth $1,976,000 after purchasing an additional 2,728 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.0%

DIS opened at $113.04 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. 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 firm has a 50-day simple moving average of $114.72 and a two-hundred day simple moving average of $111.43. The company has a market capitalization of $203.24 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen cut Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $132.90.

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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