KMG Fiduciary Partners LLC Lowers Stake in The Walt Disney Company $DIS

Key Points

• KMG Fiduciary Partners LLC sold 27,404 shares of The Walt Disney Company, reducing its stake by 46.4%, leaving it with 31,703 shares valued at approximately $3,931,000.
• Walt Disney recently reported earnings of $1.61 per share for the quarter, exceeding expectations, with a year-on-year revenue increase of 2.1%.
• Analysts maintain a consensus rating of "Moderate Buy" for Walt Disney, with a price target averaging $131.18.

KMG Fiduciary Partners LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 46.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,703 shares of the entertainment giant's stock after selling 27,404 shares during the period. KMG Fiduciary Partners LLC's holdings in Walt Disney were worth $3,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DIS. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Walt Disney by 9.7% in the 1st 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 worth $1,826,930,000 after acquiring an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after acquiring an additional 717,066 shares during the last quarter. Amundi grew its position in Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Walt Disney by 4.5% in the 1st quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock worth $1,399,399,000 after purchasing an additional 613,414 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded down $1.15 during trading hours on Friday, hitting $113.71. The stock had a trading volume of 23,387,671 shares, compared to its average volume of 6,289,260. The company has a 50 day simple moving average of $117.71 and a two-hundred day simple moving average of $109.15. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market capitalization of $204.44 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on DIS. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, September 4th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Rosenblatt Securities upped their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" 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 given a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

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.