The Walt Disney Company $DIS Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC reduced its stake in The Walt Disney Company by 4.7%, bringing its total holdings to 255,660 shares valued at approximately $25.2 million.
• Walt Disney reported $1.61 EPS for the last quarter, which exceeded analysts' expectations, although its revenue of $23.65 billion fell short of estimates.
• Analysts have a consensus rating of "Moderate Buy" for Walt Disney, with an average price target of $131.18, following several broker upgrades in August.

First Manhattan CO. LLC. cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 255,660 shares of the entertainment giant's stock after selling 12,656 shares during the quarter. First Manhattan CO. LLC.'s holdings in Walt Disney were worth $25,234,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DIS. Brighton Jones LLC increased its position in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of Walt Disney by 137.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 48,385 shares of the entertainment giant's stock valued at $5,405,000 after buying an additional 28,001 shares in the last quarter. BNP Paribas increased its position in shares of Walt Disney by 4.6% in the fourth quarter. BNP Paribas now owns 331,922 shares of the entertainment giant's stock valued at $36,965,000 after buying an additional 14,603 shares in the last quarter. BIP Wealth LLC increased its position in shares of Walt Disney by 4.1% in the fourth quarter. BIP Wealth LLC now owns 3,408 shares of the entertainment giant's stock valued at $379,000 after buying an additional 133 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Walt Disney by 2.5% in the fourth quarter. Benjamin Edwards Inc. now owns 29,958 shares of the entertainment giant's stock valued at $3,336,000 after buying an additional 736 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock traded down $1.01 during midday trading on Wednesday, hitting $117.26. The company had a trading volume of 6,211,738 shares, compared to its average volume of 7,982,320. The company's 50 day simple moving average is $119.20 and its 200 day simple moving average is $108.62. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market cap of $210.83 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the business posted $1.39 EPS. The company's revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stephens restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. 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 report on Tuesday, July 29th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.