InvesTrust Sells 39,978 Shares of The Walt Disney Company $DIS

Key Points

• InvesTrust reduced its holdings in The Walt Disney Company by 62.3% in Q2, now owning 24,145 shares worth approximately $2,994,000.
• Many institutional investors are actively trading Disney shares, with notable increases in holdings from Nuveen LLC and Diamond Hill Capital Management.
• Analysts have varying opinions on Disney's stock, with a consensus rating of "Moderate Buy" and a target price averaging $131.18.

InvesTrust trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 62.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,145 shares of the entertainment giant's stock after selling 39,978 shares during the period. InvesTrust's holdings in Walt Disney were worth $2,994,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. J. Safra Sarasin Holding AG boosted its position in Walt Disney by 8.1% during 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 acquiring an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new stake in Walt Disney during the first quarter valued at $326,000. WoodTrust Financial Corp boosted its position in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares during the last quarter. Bank of Stockton boosted its position in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new stake in Walt Disney during the first quarter valued at $24,373,000. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DIS. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. One 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's stock. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Down 0.9%

NYSE DIS traded down $1.06 during trading hours on Friday, hitting $116.02. The company's stock had a trading volume of 7,638,964 shares, compared to its average volume of 6,004,555. 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 capitalization of $208.60 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company's 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $108.99.

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 for the quarter, beating 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 analysts' expectations of $23.69 billion. During the same quarter last year, the firm earned $1.39 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.