Jag Capital Management LLC Sells 68,059 Shares of The Walt Disney Company $DIS

Key Points

• Jag Capital Management LLC has significantly reduced its stake in The Walt Disney Company by 65.4%, selling 68,059 shares and now holding 36,009 shares worth approximately $4.47 million as of the end of the second quarter.
• Despite Jag Capital's sale, several hedge funds have increased their positions in Disney, with notable increases from J. Safra Sarasin Holding AG and Wedge Capital Management, which grew its stake by an astounding 8,744%.
• Analysts remain generally positive on Disney's outlook, with 19 analysts giving it a Buy rating and an average price target increase to $131.18, following recent upgrades by Citigroup and Barclays.

Jag Capital Management LLC reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 65.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,009 shares of the entertainment giant's stock after selling 68,059 shares during the period. Jag Capital Management LLC's holdings in Walt Disney were worth $4,466,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. J. Safra Sarasin Holding AG grew its holdings in Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after buying an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new stake in shares of Walt Disney in the first quarter worth about $326,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC grew its stake in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant's stock valued at $39,724,000 after acquiring an additional 316,707 shares in the last quarter. Finally, WoodTrust Financial Corp increased its holdings in Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIS. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Up 1.0%

NYSE DIS opened at $110.32 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock's 50-day simple moving average is $115.18 and its two-hundred day simple moving average is $110.57. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $198.35 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.43 and a beta of 1.54.

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

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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