Greenleaf Trust Lowers Stock Holdings in The Walt Disney Company $DIS

Key Points

• Greenleaf Trust reduced its stake in The Walt Disney Company by 6.4%, ending up with 40,144 shares valued at approximately $4.98 million as of the latest SEC filing.
• Walt Disney reported an EPS of $1.61 for the last quarter, surpassing estimates, and generated $23.65 billion in revenue, which shows a 2.1% increase year-over-year.
• Analysts remain optimistic, with the average price target for Disney shares at $131.18, supported by a majority of "buy" ratings from 19 equities research analysts.

Greenleaf Trust lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,144 shares of the entertainment giant's stock after selling 2,744 shares during the quarter. Greenleaf Trust's holdings in Walt Disney were worth $4,978,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the second quarter worth about $4,220,599,000. Nuveen LLC acquired a new position in shares of Walt Disney in the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. increased its stake in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Walt Disney by 9.7% during the 1st 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 buying an additional 1,642,907 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS opened at $114.78 on Tuesday. 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 capitalization of $206.37 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.64 and a beta of 1.55. The company's 50 day simple moving average is $116.83 and its 200 day simple moving average is $109.72. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 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 analysts' expectations of $23.69 billion. During the same period in the previous year, the company earned $1.39 EPS. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIS shares. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group upped their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

About Walt Disney

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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