Intech Investment Management LLC Decreases Holdings in The Walt Disney Company $DIS

Key Points

• Intech Investment Management LLC has reduced its holdings in The Walt Disney Company by 34.7%, lowering its ownership to 310,834 shares worth approximately $30.68 million.
• Walt Disney reported earnings of $1.61 per share in its latest quarter, surpassing the expected $1.45 per share by $0.16 and achieving a 2.1% increase in revenue year-over-year.
• Recent analyst ratings indicate a positive outlook for Disney stock, with multiple firms setting target prices as high as $141.00 and a majority reflecting a rating of "Buy".

Intech Investment Management LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,834 shares of the entertainment giant's stock after selling 165,049 shares during the quarter. Intech Investment Management LLC's holdings in Walt Disney were worth $30,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth about $26,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in 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 period. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter worth about $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $117.43 on Wednesday. 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 firm's 50 day moving average price is $118.78 and its 200-day moving average price is $108.90. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a market cap of $211.13 billion, a PE ratio of 18.41, a P/E/G ratio of 1.72 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Rosenblatt Securities upped their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney 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.

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