Schaper Benz & Wise Investment Counsel Inc. WI Lowers Position in The Walt Disney Company $DIS

Key Points

• Schaper Benz & Wise Investment Counsel Inc. WI reduced its stake in The Walt Disney Company (NYSE:DIS) by 4.1%, now holding 117,837 shares worth approximately $14.6 million.
• Wall Street analysts show mixed sentiments; while 19 analysts maintain a Buy rating, Barclays and Morgan Stanley recently increased their target price to $140, Wall Street Zen downgraded the stock from Buy to Hold.
• The Walt Disney Company's stock is currently trading at $113, down 1.1%, with a market cap of approximately $203.16 billion and a 52-week price range between $80.10 and $124.69.

Schaper Benz & Wise Investment Counsel Inc. WI lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,837 shares of the entertainment giant's stock after selling 5,095 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Walt Disney were worth $14,613,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the first quarter worth $26,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after buying an additional 94 shares in the last quarter. Kessler Investment Group LLC lifted its position in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the second quarter worth about $37,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney in the second quarter worth about $49,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DIS shares. Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Barclays boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.90.

Walt Disney Stock Down 1.1%

Shares of NYSE:DIS opened at $113.00 on Thursday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market cap of $203.16 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. The business's 50 day moving average is $114.78 and its 200 day moving average is $111.22. The company has a quick ratio of 0.66, a current ratio of 0.72 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. Sell-side analysts predict 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.

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