Gateway Investment Advisers LLC Has $52.61 Million Holdings in The Walt Disney Company $DIS

Gateway Investment Advisers LLC cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 2.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 424,203 shares of the entertainment giant's stock after selling 8,749 shares during the period. Gateway Investment Advisers LLC's holdings in Walt Disney were worth $52,605,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at about $27,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Copia Wealth Management acquired a new stake in Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney during the fourth quarter worth about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.3%

Walt Disney stock opened at $115.30 on Wednesday. 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 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 moving average price of $118.06 and a two-hundred day moving average price of $109.05. The firm has a market cap of $207.30 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.67 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the business earned $1.39 EPS. The company's revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. One research 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's stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target 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.

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