Mutual of America Capital Management LLC Sells 4,061 Shares of The Walt Disney Company $DIS

Key Points

• Mutual of America Capital Management LLC sold 4,061 shares of The Walt Disney Company, reducing its position by 1.9%, and now holds 206,135 shares worth approximately $25.6 million.
• Several institutional investors, including Brighton Jones LLC and GAMMA Investing LLC, have recently increased their stakes in Disney, indicating ongoing interest from large investors.
• Wall Street analysts have mixed views on Disney, with JPMorgan and UBS raising their price targets, while Jefferies downgraded the stock to a hold rating, reflecting varying confidence in the company's performance.

Mutual of America Capital Management LLC lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 206,135 shares of the entertainment giant's stock after selling 4,061 shares during the period. Mutual of America Capital Management LLC's holdings in Walt Disney were worth $25,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Advisor Resource Council purchased a new stake in shares of Walt Disney in the first quarter worth approximately $434,000. Foundation Wealth Management LLC raised its stake in shares of Walt Disney by 37.8% in the first quarter. Foundation Wealth Management LLC now owns 5,991 shares of the entertainment giant's stock worth $591,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. raised its stake in shares of Walt Disney by 1,605.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 3,070 shares of the entertainment giant's stock worth $303,000 after purchasing an additional 2,890 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DIS. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. UBS Group increased their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Stock Performance

Shares of DIS stock opened at $110.69 on Friday. The firm has a market cap of $199.00 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 1.45 and a beta of 1.54. 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 52 week low of $80.10 and a 52 week high of $124.69. The firm's 50-day simple moving average is $114.86 and its two-hundred day simple moving average is $110.83.

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

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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