Northeast Investment Management Reduces Holdings in The Walt Disney Company $DIS

Key Points

• Northeast Investment Management has reduced its holdings in The Walt Disney Company by 2.7%, now owning 153,754 shares valued at $19 million after selling 4,237 shares during the second quarter.
• Major investors including Kingstone Capital Partners and Nuveen LLC have either increased or established sizable positions in Disney, highlighting ongoing institutional interest amid fluctuating stock performance.
• Analysts have raised their price targets for Disney, with Morgan Stanley setting a new target of $140, reflecting a consensus rating of “Moderate Buy” and an average price target of $132.90.

Northeast Investment Management lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,754 shares of the entertainment giant's stock after selling 4,237 shares during the quarter. Northeast Investment Management's holdings in Walt Disney were worth $19,067,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DIS. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the second quarter valued at approximately $4,220,599,000. Nuveen LLC purchased a new position in Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. lifted its holdings in Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Susquehanna reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.90.

Walt Disney Trading Up 0.7%

Shares of DIS opened at $110.69 on Friday. The company's fifty day moving average is $114.86 and its 200 day moving average is $110.83. 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 $199.00 billion, a PE 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.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly 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 net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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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