Knuff & Co LLC Sells 5,981 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Knuff & Co LLC reduced its stake in The Walt Disney Company by 29.8%, selling 5,981 shares, which left them with a total of 14,088 shares valued at approximately $1.39 million.
• Walt Disney's stock has received a consensus "Moderate Buy" rating from analysts, with a price target averaging $131.18, while multiple firms have upgraded their ratings.
• The company reported earnings of $1.61 EPS for the quarter, surpassing expectations, with a slight revenue increase of 2.1% year-over-year.

Knuff & Co LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 29.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,088 shares of the entertainment giant's stock after selling 5,981 shares during the period. Knuff & Co LLC's holdings in Walt Disney were worth $1,390,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at about $26,000. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management bought a new position in Walt Disney in the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the fourth quarter valued at about $39,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DIS. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday. Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research note on Monday. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Finally, Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research note on Monday. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 0.8%

DIS stock opened at $115.36 on Friday. 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 company has a market capitalization of $207.41 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a fifty day moving average of $119.33 and a 200-day moving average of $108.13.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business 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 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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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