Rossmore Private Capital Sells 5,506 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Rossmore Private Capital reduced its stake in The Walt Disney Company by 21.9%, selling 5,506 shares during the first quarter, leaving them with 19,623 shares valued at $1,937,000.
• Other institutional investors increased their holdings in Disney, with the AIA Group Ltd boosting its position by 64.3% and Financial Engines Advisors raising theirs by 3.2% during the same period.
• The company recently reported a quarterly earnings per share of $1.61, surpassing analyst expectations of $1.45, and noted a year-over-year revenue increase of 2.1%.

Rossmore Private Capital reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,623 shares of the entertainment giant's stock after selling 5,506 shares during the quarter. Rossmore Private Capital's holdings in Walt Disney were worth $1,937,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Acorns Advisers LLC lifted its holdings in Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after buying an additional 98 shares during the period. Clearstead Trust LLC lifted its holdings in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after buying an additional 99 shares during the period. Hemington Wealth Management lifted its holdings in Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after buying an additional 105 shares during the period. Allegheny Financial Group lifted its holdings in Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after buying an additional 106 shares during the period. Finally, Resonant Capital Advisors LLC lifted its holdings in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIS shares. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, August 7th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Walt Disney in a research note on Monday. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, UBS Group lifted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Performance

DIS traded up $3.02 during midday trading on Wednesday, reaching $116.74. The company had a trading volume of 9,023,464 shares, compared to its average volume of 8,971,034. 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 stock has a market cap of $209.89 billion, a PE ratio of 18.30, a P/E/G ratio of 1.64 and a beta of 1.56. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a 50-day moving average price of $119.22 and a two-hundred day moving average price of $108.08.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for 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%. Walt Disney's revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.