Hedges Asset Management LLC Has $750,000 Holdings in The Walt Disney Company $DIS

Key Points

• Hedges Asset Management LLC has reduced its holdings in The Walt Disney Company by 41.0%, now owning 6,050 shares worth approximately $750,000.
• Several institutional investors have increased their positions in Walt Disney, with 65.71% of the stock owned by institutional investors and hedge funds.
• Walt Disney reported $1.61 earnings per share for the latest quarter, surpassing analyst estimates of $1.45, indicating a 2.1% revenue growth year-over-year.

Hedges Asset Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 41.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,050 shares of the entertainment giant's stock after selling 4,200 shares during the quarter. Hedges Asset Management LLC's holdings in Walt Disney were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $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 increased its holdings in Walt Disney by 9.7% in 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 valued at $1,826,930,000 after buying an additional 1,642,907 shares during the period. Bank of New York Mellon Corp increased its holdings in Walt Disney by 4.2% in the 1st 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 buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Finally, Amundi raised its stake 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 valued at $1,468,873,000 after buying an additional 1,520,513 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $1.06 on Friday, hitting $116.02. The stock had a trading volume of 7,638,964 shares, compared to its average volume of 6,004,555. The firm's 50 day moving average price is $118.34 and its 200-day moving average price is $108.99. The company has a market capitalization of $208.60 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. 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 twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results 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. The business 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%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DIS shares. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $131.18.

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.