IFM Investors Pty Ltd Cuts Stock Position in The Walt Disney Company $DIS

Key Points

• IFM Investors Pty Ltd has reduced its holdings in The Walt Disney Company by 0.7% during the first quarter, now owning 332,967 shares worth approximately $32.86 million.
• Other institutional investors like Nuveen LLC and GAMMA Investing LLC have significantly increased their stakes, with GAMMA boosting by over 10,500% amid a trend of accumulating shares in Disney.
• The Walt Disney Company posted an EPS of $1.61 for the last quarter, surpassing estimates, while revenue stood at $23.65 billion, slightly below the anticipated $23.69 billion.

IFM Investors Pty Ltd cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332,967 shares of the entertainment giant's stock after selling 2,363 shares during the period. IFM Investors Pty Ltd's holdings in Walt Disney were worth $32,864,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG increased its stake in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. purchased a new position in Walt Disney during the first quarter worth about $326,000. WoodTrust Financial Corp raised its holdings in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares in the last quarter. Bank of Stockton raised its holdings in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in Walt Disney during the first quarter worth about $24,373,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.9%

NYSE:DIS traded down $1.06 during trading hours on Friday, reaching $116.02. 7,638,964 shares of the company were exchanged, compared to its average volume of 5,960,941. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $208.60 billion, a price-to-earnings ratio of 19.64, a PEG 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. The stock has a 50 day simple moving average of $118.50 and a 200 day simple moving average of $108.99.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates 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 was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. As a group, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research analyst reports. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report 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's stock. According to MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $131.18.

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.