Mutual Advisors LLC Decreases Holdings in The Walt Disney Company $DIS

Key Points

• Mutual Advisors LLC has reduced its stake in The Walt Disney Company by 14.1%, owning 70,369 shares worth approximately $8.5 million after selling 11,565 shares.
• Walt Disney reported a quarterly earnings per share (EPS) of $1.61, surpassing analysts' expectations of $1.45, with revenue of $23.65 billion.
• Major research firms have shown mixed sentiments towards Disney's stock, with target prices ranging from $125.00 to $138.00, resulting in an overall consensus rating of "Moderate Buy."

Mutual Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 14.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,369 shares of the entertainment giant's stock after selling 11,565 shares during the quarter. Mutual Advisors LLC's holdings in Walt Disney were worth $8,548,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the last quarter. First PREMIER Bank boosted its holdings in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after acquiring an additional 205 shares during the period. Finally, RMG Wealth Management LLC bought a new position in Walt Disney in the 2nd quarter valued at $49,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $111.12 on Wednesday. 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 50 day moving average price of $115.03 and a 200-day moving average price of $110.57. 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 market capitalization of $199.79 billion, a PE ratio of 17.42, a PEG ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. JPMorgan Chase & Co. lifted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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