Parallel Advisors LLC Sells 8,259 Shares of The Walt Disney Company $DIS

Key Points

• Parallel Advisors LLC sold 8,259 shares of The Walt Disney Company, reducing its holdings by 14.4%, now owning 49,295 shares valued at approximately $6.1 million.
• Walt Disney's stock opened at $115.66 with a market cap of $207.95 billion, while the company reported $1.61 EPS in its latest quarter, exceeding analyst estimates of $1.45.
• Analysts maintain a consensus rating of "Moderate Buy" for Walt Disney, with price target estimates averaging around $131.18.

Parallel Advisors LLC cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 14.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,295 shares of the entertainment giant's stock after selling 8,259 shares during the period. Parallel Advisors LLC's holdings in Walt Disney were worth $6,113,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position 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 worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Walt Disney by 9.7% in the 1st 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 acquiring an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after purchasing an additional 3,016,339 shares in the last quarter. Finally, Amundi increased its position in shares of Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.3%

Walt Disney stock opened at $115.66 on Tuesday. The firm has a market cap of $207.95 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.68 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. 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 firm has a 50 day moving average price of $118.19 and a two-hundred day moving average price of $109.01.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $23.69 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stephens reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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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