Godsey & Gibb Inc. Cuts Stake in The Walt Disney Company $DIS

Key Points

• Godsey & Gibb Inc. significantly reduced its stake in The Walt Disney Company by 96.2% in Q2, selling 171,822 shares and holding 6,855 shares valued at $850,000.
• Vanguard Group Inc. increased its position by 1.6%, while UBS AM grew its stake by 9.7%, signaling strong institutional interest in Disney despite Godsey & Gibb's reduction.
• Walt Disney recently reported quarterly earnings of $1.61 EPS, exceeding expectations slightly, with revenues showing a 2.1% increase year-over-year.

Godsey & Gibb Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 96.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,855 shares of the entertainment giant's stock after selling 171,822 shares during the period. Godsey & Gibb Inc.'s holdings in Walt Disney were worth $850,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DIS. Vanguard Group Inc. grew its stake 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 purchasing an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter worth approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Walt Disney by 9.7% in 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 purchasing an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 worth $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi boosted its position in shares of Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group increased their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research report on Saturday, September 27th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Up 0.3%

NYSE DIS opened at $112.83 on Tuesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. 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 stock has a market cap of $202.86 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.48 and a beta of 1.54. The firm's 50 day moving average price is $115.97 and its two-hundred day moving average price is $110.19.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm earned $1.39 EPS. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS 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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