Parkside Investments LLC Trims Position in The Walt Disney Company $DIS

Key Points

• Parkside Investments LLC has reduced its stake in The Walt Disney Company by 18.2%, now holding 71,984 shares worth approximately $8.93 million, which makes up 1.2% of their portfolio.
• In contrast, other institutional investors, such as DiNuzzo Private Wealth and Kessler Investment Group, have significantly increased their positions in Walt Disney, with DiNuzzo growing its stake by 82.5%.
• The Walt Disney Company recently reported earnings per share (EPS) of $1.61 for the last quarter, exceeding estimates, and has a moderate buy consensus from analysts with an average price target of $131.18.

Parkside Investments LLC cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,984 shares of the entertainment giant's stock after selling 15,970 shares during the period. Walt Disney comprises 1.2% of Parkside Investments LLC's portfolio, making the stock its 26th largest holding. Parkside Investments LLC's holdings in Walt Disney were worth $8,927,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the first quarter valued at $26,000. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock valued at $57,000 after acquiring an additional 135 shares in the last quarter. Finally, First PREMIER Bank grew its stake in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.2%

Shares of DIS opened at $114.78 on Tuesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a 50-day moving average of $116.83 and a 200 day moving average of $109.72. The firm has a market capitalization of $206.37 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.64 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.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DIS shares. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities raised their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.