The Walt Disney Company $DIS Holdings Decreased by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its stake in The Walt Disney Company by 21.1%, selling 33,700 shares and now holds 126,310 shares worth approximately $12.47 million.
• Analysts have varying opinions on Disney's stock, with Evercore ISI raising its price target from $134 to $140 and maintaining an "outperform" rating, while the overall consensus is a "Moderate Buy" with a target of $131.18.
• Walt Disney recently posted earnings of $1.61 per share, surpassing estimates and showing a year-over-year revenue increase of 2.1% to $23.65 billion.

Rafferty Asset Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,310 shares of the entertainment giant's stock after selling 33,700 shares during the period. Rafferty Asset Management LLC's holdings in Walt Disney were worth $12,467,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DIS. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at about $26,000. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter valued at approximately $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.6%

Walt Disney stock traded up $0.75 during midday trading on Friday, hitting $118.39. 5,210,979 shares of the stock were exchanged, compared to its average volume of 8,595,832. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market cap of $212.86 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.71 and a beta of 1.56. 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 company has a 50 day moving average price of $119.20 and a two-hundred day moving average price of $108.51.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on DIS shares. Evercore ISI upped their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. 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 note on Monday, August 4th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.