Meyer Handelman Co. Sells 2,300 Shares of The Walt Disney Company $DIS

Key Points

• Meyer Handelman Co. reduced its stake in The Walt Disney Company by 10.4%, selling 2,300 shares during the second quarter, leaving them with 19,783 shares valued at approximately $2.45 million.
• The Walt Disney Company reported $1.61 earnings per share (EPS) for the last quarter, surpassing analysts' estimates of $1.45, while revenue increased by 2.1% year-over-year.
• Analysts maintain a mixed outlook on Walt Disney, with a consensus rating of "Moderate Buy" and an average target price of $131.18, with one strong buy and nineteen buy ratings.

Meyer Handelman Co. lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,783 shares of the entertainment giant's stock after selling 2,300 shares during the quarter. Meyer Handelman Co.'s holdings in Walt Disney were worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DIS. MKT Advisors LLC purchased a new stake in Walt Disney during the 2nd quarter valued at about $201,000. Kingsman Wealth Management Inc. purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $225,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Walt Disney by 1,232.7% during the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 29,347 shares of the entertainment giant's stock valued at $3,639,000 after acquiring an additional 27,145 shares in the last quarter. Magnus Financial Group LLC raised its holdings in Walt Disney by 5.1% in the 2nd quarter. Magnus Financial Group LLC now owns 22,388 shares of the entertainment giant's stock worth $2,776,000 after acquiring an additional 1,087 shares during the last quarter. Finally, LeConte Wealth Management LLC bought a new position in Walt Disney in the 2nd quarter valued at approximately $370,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.4%

DIS opened at $112.95 on Friday. The firm's 50 day simple moving average is $117.11 and its two-hundred day simple moving average is $109.34. The company has a market capitalization of $203.07 billion, a PE ratio of 17.70, a PEG ratio of 1.64 and a beta of 1.55. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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 analysts' consensus estimates 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 quarter in the previous year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Rosenblatt Securities lifted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. One equities 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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