Lincoln Capital LLC Lowers Position in The Walt Disney Company $DIS

Key Points

• Lincoln Capital LLC has reduced its holdings in The Walt Disney Company by 6.2%, now owning 84,240 shares valued at approximately $8.31 million.
• The company reported a quarterly earnings per share (EPS) of $1.61, exceeding expectations, with revenues of $23.65 billion—a slight increase compared to the previous year.
• Analysts have given Walt Disney a consensus rating of "Moderate Buy", with a price target average of $131.18, indicating positive sentiment around its stock future.

Lincoln Capital LLC lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 6.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,240 shares of the entertainment giant's stock after selling 5,592 shares during the period. Walt Disney accounts for approximately 1.7% of Lincoln Capital LLC's portfolio, making the stock its 13th largest holding. Lincoln Capital LLC's holdings in Walt Disney were worth $8,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J. Safra Sarasin Holding AG increased its position in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new position in shares of Walt Disney in the first quarter worth approximately $326,000. WoodTrust Financial Corp increased its position in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the last quarter. Bank of Stockton increased its position in shares of Walt Disney by 4.4% in the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its position in shares of Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after purchasing an additional 246,000 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $115.36 on Monday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market cap of $207.41 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company's fifty day moving average price is $119.33 and its 200-day moving average price is $108.06.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during 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%. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, August 7th. Rosenblatt Securities raised their price objective on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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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