S Bank Fund Management Ltd Decreases Stock Holdings in The Walt Disney Company $DIS

Key Points

• S Bank Fund Management Ltd has reduced its stake in The Walt Disney Company by 37.9%, selling 25,938 shares and owning 42,555 shares worth approximately $5.3 million as of Q2.
• Several hedge funds have increased their positions in Walt Disney, with notable increases from Physician Wealth Advisors Inc. and Bruce G. Allen Investments LLC among others.
• Analysts maintain a positive outlook on Walt Disney, with 19 analysts rating the stock as a "Buy" and a price target averaging $132.90.

S Bank Fund Management Ltd reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 37.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,555 shares of the entertainment giant's stock after selling 25,938 shares during the quarter. S Bank Fund Management Ltd's holdings in Walt Disney were worth $5,277,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its position in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after acquiring an additional 87 shares during the period. Childress Capital Advisors LLC lifted its position in Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after acquiring an additional 87 shares during the period. Apollon Financial LLC lifted its position in Walt Disney by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock worth $755,000 after acquiring an additional 87 shares during the period. Community Bank N.A. lifted its position in Walt Disney by 0.4% during the 2nd quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant's stock worth $2,858,000 after acquiring an additional 89 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in Walt Disney by 9.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after acquiring an additional 94 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on DIS shares. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Rosenblatt Securities increased their price objective on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Morgan Stanley raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $132.90.

Walt Disney Stock Performance

NYSE DIS opened at $111.74 on Thursday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market capitalization of $200.90 billion, a P/E ratio of 17.51, a PEG ratio of 1.46 and a beta of 1.54. The business has a 50 day moving average price of $114.96 and a 200 day moving average price of $110.58. 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 released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the business posted $1.39 EPS. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS 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.

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