Global Financial Private Client LLC Sells 12,099 Shares of The Walt Disney Company $DIS

Key Points

• Global Financial Private Client LLC has reduced its holdings in The Walt Disney Company by 65.6%, selling 12,099 shares in the second quarter and now owning 6,343 shares worth $787,000.
• Institutional investors and hedge funds collectively own 65.71% of Disney's stock, with firms like Brighton Jones LLC and Two Sigma Investments LP significantly increasing their positions in the fourth quarter.
• Analysts have shown positive sentiment towards Disney, with multiple firms raising their price targets, leading to a consensus rating of "Moderate Buy" and an average target price of $131.18.

Global Financial Private Client LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 65.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,343 shares of the entertainment giant's stock after selling 12,099 shares during the quarter. Global Financial Private Client LLC's holdings in Walt Disney were worth $787,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 valued at $1,826,930,000 after acquiring an additional 1,642,907 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Walt Disney by 4.2% during 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 acquiring an additional 717,066 shares during the period. Amundi lifted its holdings in shares of Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after acquiring an additional 1,520,513 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Walt Disney by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock valued at $1,399,399,000 after acquiring an additional 613,414 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 1.2%

DIS stock traded down $1.32 during midday trading on Monday, reaching $112.44. The stock had a trading volume of 15,433,461 shares, compared to its average volume of 7,101,095. The business has a fifty day simple moving average of $117.56 and a two-hundred day simple moving average of $109.22. 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 market cap of $202.16 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates 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 was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.