Neville Rodie & Shaw Inc. Sells 5,550 Shares of The Walt Disney Company $DIS

Key Points

• Neville Rodie & Shaw Inc. reduced its holdings in The Walt Disney Company by 22.3%, selling 5,550 shares in the second quarter, leaving it with 19,319 shares valued at approximately $2.4 million.
• The company's stock price opened at $116.02, with a market capitalization of $208.60 billion and a PE ratio of 18.18, while the shares have fluctuated between a one-year low of $80.10 and a high of $124.69.
• Walt Disney reported $1.61 EPS in its recent quarterly earnings, surpassing analyst predictions, with revenues of $23.65 billion, a slight increase of 2.1% from the same quarter the previous year.

Neville Rodie & Shaw Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,319 shares of the entertainment giant's stock after selling 5,550 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Walt Disney were worth $2,396,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. J. Safra Sarasin Holding AG raised its stake in shares of Walt Disney by 8.1% during the 1st 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 period. Planning Directions Inc. purchased a new stake in Walt Disney in the 1st quarter worth about $326,000. WoodTrust Financial Corp increased its holdings in Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares during the last quarter. Bank of Stockton increased its holdings in Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Walt Disney in the 1st quarter worth about $24,373,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted 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. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Down 0.9%

Walt Disney stock traded down $1.06 during mid-day trading on Friday, reaching $116.02. 7,638,964 shares of the company traded hands, compared to its average volume of 6,004,555. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a market capitalization of $208.60 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm's 50 day moving average price is $118.34 and its 200 day moving average price is $108.99.

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