John G Ullman & Associates Inc. Cuts Position in The Walt Disney Company $DIS

Key Points

• John G Ullman & Associates Inc. reduced its stake in The Walt Disney Company by 11.6%, equating to 76,379 shares after selling nearly 10,000 shares.
• Walt Disney reported a quarterly EPS of $1.61, surpassing analyst expectations of $1.45, with total revenue of $23.65 billion.
• Two analysts downgraded Walt Disney's stock rating to "hold," while price targets for the stock range from $120.00 to $141.00, reflecting a cautious market sentiment.

John G Ullman & Associates Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 11.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,379 shares of the entertainment giant's stock after selling 9,976 shares during the period. Walt Disney comprises about 1.4% of John G Ullman & Associates Inc.'s portfolio, making the stock its 16th biggest position. John G Ullman & Associates Inc.'s holdings in Walt Disney were worth $9,472,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Walt Disney by 1.6% in the first 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. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the second quarter valued at approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after purchasing an additional 717,066 shares during the last quarter. Finally, Amundi increased its stake in Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after purchasing an additional 1,520,513 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $110.69 on Friday. 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 stock has a fifty day moving average price of $114.86 and a 200 day moving average price of $110.83. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $199.00 billion, a PE ratio of 17.35, a P/E/G ratio of 1.45 and a beta of 1.54.

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

Analysts Set New Price Targets

Several brokerages have commented on DIS. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.90.

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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