Founders Capital Management LLC Trims Stock Holdings in The Walt Disney Company $DIS

Key Points

• Founders Capital Management LLC reduced its stake in The Walt Disney Company by 4.7%, owning 79,401 shares after selling 3,893 shares, making Disney the firm's 16th largest holding.
• Institutional investors continue to show interest, with Vanguard Group increasing its position by 1.6% and a new stake from Kingstone Capital Partners worth over $4.2 billion.
• Despite recent adjustments, analysts remain optimistic with a consensus price target of $131.18 and multiple "buy" ratings from notable firms like Evercore ISI and Guggenheim.

Founders Capital Management LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,401 shares of the entertainment giant's stock after selling 3,893 shares during the period. Walt Disney makes up about 1.7% of Founders Capital Management LLC's portfolio, making the stock its 16th largest holding. Founders Capital Management LLC's holdings in Walt Disney were worth $9,847,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after buying an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney during the second quarter worth $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after acquiring an additional 1,642,907 shares during the period. Bank of New York Mellon Corp increased its holdings in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the last quarter. Finally, Amundi increased its holdings in Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after buying an additional 1,520,513 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Evercore ISI upped their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. One investment 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 1.0%

Shares of NYSE:DIS opened at $113.71 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $204.44 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a 50 day simple moving average of $117.71 and a 200 day simple moving average of $109.17.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly 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 business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. As a group, research analysts expect that The Walt Disney Company will post 5.47 earnings per share 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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