Gulf International Bank UK Ltd Sells 38,520 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Gulf International Bank UK Ltd reduced its stake in The Walt Disney Company by 27.0%, owning 103,995 shares worth approximately $10.26 million after selling 38,520 shares in the first quarter.
• Several institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have increased their holdings in Disney, indicating ongoing interest from major financial players.
• Disney's latest quarterly earnings report showed an EPS of $1.61, beating estimates, and a revenue of $23.65 billion, slightly below expectations, with a net margin of 12.22%.

Gulf International Bank UK Ltd trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 27.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,995 shares of the entertainment giant's stock after selling 38,520 shares during the quarter. Gulf International Bank UK Ltd's holdings in Walt Disney were worth $10,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth about $26,000. Kessler Investment Group LLC grew its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the period. Copia Wealth Management acquired a new position in shares of Walt Disney during the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DIS shares. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 0.3%

NYSE DIS traded down $0.30 during trading on Thursday, hitting $116.34. The stock had a trading volume of 6,609,940 shares, compared to its average volume of 9,838,010. The company has a market capitalization of $209.17 billion, a PE ratio of 18.24, a P/E/G ratio of 1.64 and a beta of 1.56. The company's 50-day moving average price is $119.22 and its two-hundred day moving average price is $108.08. 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 12 month low of $80.10 and a 12 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The company had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business's revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.