High Net Worth Advisory Group LLC Cuts Stake in The Walt Disney Company $DIS

Key Points

• High Net Worth Advisory Group LLC reduced its stake in The Walt Disney Company by 34.0% in Q2, selling 2,418 shares and now holds 4,685 shares valued at approximately $581,000.
• Several institutional investors increased their holdings in Disney, with notable increases from J. Safra Sarasin Holding AG by 8.1% and WoodTrust Financial Corp by 6.7% during the 1st quarter.
• Walt Disney's stock has an average rating of "Moderate Buy" from analysts, with a consensus price target of $131.18, and it recently reported earnings of $1.61 EPS, surpassing expectations by $0.16.

High Net Worth Advisory Group LLC reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 34.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,685 shares of the entertainment giant's stock after selling 2,418 shares during the quarter. High Net Worth Advisory Group LLC's holdings in Walt Disney were worth $581,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. boosted its position in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Walt Disney by 1.6% during the first 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Walt Disney by 10,567.3% during the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after purchasing an additional 2,427,728 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Walt Disney by 9.7% during 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 valued at $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $1.15 during midday trading on Friday, reaching $113.71. 23,387,671 shares of the company's stock traded hands, compared to its average volume of 9,476,433. The company has a market cap of $204.44 billion, a price-to-earnings ratio of 17.82, a P/E/G 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 one year low of $80.10 and a one year high of $124.69. The stock has a 50 day moving average of $117.83 and a 200 day moving average of $109.11.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DIS. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Company 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.