Mitchell Sinkler & Starr PA Lowers Position in The Walt Disney Company $DIS

Key Points

• Mitchell Sinkler & Starr PA significantly reduced its holdings in The Walt Disney Company by 89.0% during the second quarter, retaining only 7,438 shares valued at approximately $922,000.
• Walt Disney reported a 2.1% year-over-year revenue increase to $23.65 billion for the latest quarter, surpassing earnings expectations with $1.61 earnings per share.
• Currently, a total of 65.71% of Walt Disney's stock is owned by hedge funds and institutional investors, reflecting significant market interest despite recent fluctuations.

Mitchell Sinkler & Starr PA cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 89.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,438 shares of the entertainment giant's stock after selling 60,105 shares during the quarter. Mitchell Sinkler & Starr PA's holdings in Walt Disney were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC boosted its holdings in Walt Disney by 7.3% during the 2nd quarter. LRI Investments LLC now owns 3,329 shares of the entertainment giant's stock valued at $413,000 after acquiring an additional 227 shares during the period. Commonwealth Financial Services LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $231,000. SPC Financial Inc. boosted its holdings in Walt Disney by 3.9% during the 2nd quarter. SPC Financial Inc. now owns 2,691 shares of the entertainment giant's stock valued at $334,000 after acquiring an additional 102 shares during the period. CWM LLC boosted its holdings in Walt Disney by 3.7% during the 2nd quarter. CWM LLC now owns 170,690 shares of the entertainment giant's stock valued at $21,167,000 after acquiring an additional 6,051 shares during the period. Finally, OFI Invest Asset Management boosted its holdings in Walt Disney by 96.8% during the 2nd quarter. OFI Invest Asset Management now owns 16,758 shares of the entertainment giant's stock valued at $2,078,000 after acquiring an additional 8,242 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $109.17 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 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 $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The stock's 50-day simple moving average is $115.36 and its 200-day simple moving average is $110.41.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the company earned $1.39 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Wall Street Zen lowered Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Walt Disney currently has a consensus 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.

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