HBW Advisory Services LLC Has $3.02 Million Position in The Walt Disney Company $DIS

Key Points

• HBW Advisory Services LLC has reduced its stake in The Walt Disney Company (NYSE:DIS) by 18.6%, now holding 24,351 shares valued at approximately $3.02 million.
• Several institutional investors have also made significant moves, with 65.71% of Walt Disney's stock now owned by institutional investors.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding estimates, and had a revenue of $23.65 billion, slightly below the consensus estimate.

HBW Advisory Services LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,351 shares of the entertainment giant's stock after selling 5,552 shares during the period. HBW Advisory Services LLC's holdings in Walt Disney were worth $3,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the first quarter worth $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter valued at $27,000. Kessler Investment Group LLC increased its stake 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 purchasing an additional 200 shares during the last quarter. 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 owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Citigroup raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Trading Down 0.9%

NYSE:DIS opened at $116.02 on Friday. 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 company has a fifty day moving average of $118.34 and a 200 day moving average of $109.03. The firm has a market capitalization of $208.60 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.69 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week 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, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. On average, research analysts predict that The Walt Disney Company will post 5.47 earnings per share 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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