HS Management Partners LLC Decreases Stock Holdings in The Walt Disney Company $DIS

Key Points

• HS Management Partners LLC reduced its holdings in The Walt Disney Company by 16.0%, selling 122,025 shares, which now accounts for 6.5% of their total investments, valued at around $79.7 million.
• Notable hedge funds, including Kingstone Capital Partners and Nuveen LLC, have recently acquired significant positions in Walt Disney, indicating strong institutional interest, with 65.71% of the stock owned by institutional investors.
• Walt Disney reported earnings of $1.61 per share, surpassing analyst expectations, while its quarterly revenue saw a modest year-over-year increase of 2.1%.

HS Management Partners LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 642,925 shares of the entertainment giant's stock after selling 122,025 shares during the period. Walt Disney makes up 6.5% of HS Management Partners LLC's holdings, making the stock its 2nd biggest holding. HS Management Partners LLC's holdings in Walt Disney were worth $79,729,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the second quarter valued at approximately $4,220,599,000. Nuveen LLC bought a new position in shares of Walt Disney in the 1st quarter valued at $1,353,607,000. Diamond Hill Capital Management Inc. increased its stake in shares of Walt Disney by 1,080.7% in the 1st 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 during the last quarter. Vanguard Group Inc. increased its stake in shares of Walt Disney by 1.6% in the 1st 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 during the last quarter. Finally, GAMMA Investing LLC grew its position in Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after acquiring an additional 2,427,728 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Tuesday. Finally, Chardan Capital reaffirmed a "buy" 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 given a Hold rating to the company. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Trading Up 0.4%

DIS opened at $113.46 on Friday. The firm has a market capitalization of $203.99 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.63 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company's 50 day moving average price is $116.96 and its two-hundred day moving average price is $109.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during 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%.Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.

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