Leibman Financial Services Inc. Sells 6,110 Shares of The Walt Disney Company $DIS

Key Points

• Leibman Financial Services Inc. reduced its stake in The Walt Disney Company by 19.5%, now holding 25,207 shares valued at approximately $3.13 million, making Disney its 19th largest holding.
• The Walt Disney Company reported an EPS of $1.61 for its quarterly earnings, surpassing consensus estimates of $1.45, with revenues totaling $23.65 billion.
• Institutional investors own 65.71% of Disney's stock, with a mix of new stakes and increased holdings from various financial firms contributing to this ownership.

Leibman Financial Services Inc. trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 19.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,207 shares of the entertainment giant's stock after selling 6,110 shares during the quarter. Walt Disney makes up 2.4% of Leibman Financial Services Inc.'s portfolio, making the stock its 19th biggest position. Leibman Financial Services Inc.'s holdings in Walt Disney were worth $3,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Two Sigma Investments LP raised its holdings in Walt Disney by 158.5% during the 4th quarter. Two Sigma Investments LP now owns 78,587 shares of the entertainment giant's stock worth $8,751,000 after purchasing an additional 48,184 shares during the last quarter. Two Sigma Advisers LP bought a new stake in Walt Disney during the 4th quarter worth about $6,158,000. Vivaldi Capital Management LP raised its holdings in Walt Disney by 4.7% during the 4th quarter. Vivaldi Capital Management LP now owns 4,272 shares of the entertainment giant's stock worth $484,000 after purchasing an additional 191 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in Walt Disney by 9.5% during the 4th quarter. Vident Advisory LLC now owns 9,263 shares of the entertainment giant's stock worth $1,032,000 after purchasing an additional 801 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 1.0%

Shares of DIS traded down $1.15 on Friday, hitting $113.71. The company's stock had a trading volume of 23,387,671 shares, compared to its average volume of 6,289,260. 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 firm's fifty day moving average price is $117.71 and its 200-day moving average price is $109.15. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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 1.66 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $23.69 billion. During the same period in the previous year, the firm earned $1.39 EPS. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, September 4th. UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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.