Rathbones Group PLC Has $133.41 Million Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Rathbones Group PLC has reduced its stake in The Walt Disney Company by 14.5%, owning approximately $133.41 million worth of shares after selling 228,850 shares in the last quarter.
• Walt Disney has received favorable analyst ratings, with price targets raised by multiple firms, including Evercore ISI and Barclays, now set between $134.00 to $140.00.
• The company reported better-than-expected earnings with an EPS of $1.61, surpassing estimates, and achieving a 2.1% increase in revenue year-over-year.

Rathbones Group PLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,351,682 shares of the entertainment giant's stock after selling 228,850 shares during the quarter. Rathbones Group PLC owned about 0.07% of Walt Disney worth $133,411,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at approximately $26,000. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% in 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 during the last quarter. Copia Wealth Management bought a new position in Walt Disney in the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, August 7th. Finally, Morgan Stanley increased 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. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of DIS traded down $0.30 during midday trading on Thursday, reaching $116.34. The stock had a trading volume of 6,607,005 shares, compared to its average volume of 9,837,803. The firm has a 50 day simple moving average of $119.22 and a 200-day simple moving average of $108.08. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market cap of $209.17 billion, a PE ratio of 18.24, a P/E/G ratio of 1.64 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during 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%. Walt Disney's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.