Sienna Gestion Sells 4,697 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Sienna Gestion reduced its stake in The Walt Disney Company by 6.1%, selling 4,697 shares in the first quarter, bringing its total holdings to 71,957 shares valued at approximately $6.9 million.
• Disney's latest earnings report revealed earnings per share of $1.61, exceeding analyst expectations, with revenue of $23.65 billion for the quarter, representing a 2.1% increase year-over-year.
• Analysts maintain a positive outlook on Disney, with several institutions raising target prices and a majority rating the stock as a "buy," leading to an average target price of $131.18.

Sienna Gestion lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,957 shares of the entertainment giant's stock after selling 4,697 shares during the quarter. Sienna Gestion's holdings in Walt Disney were worth $6,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Acorns Advisers LLC increased its position in shares of Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after purchasing an additional 98 shares during the last quarter. Clearstead Trust LLC lifted its position in shares of Walt Disney by 0.6% during the 1st 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 in the last quarter. Hemington Wealth Management lifted its position in shares of Walt Disney by 1.9% during the 1st 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 in the last quarter. Allegheny Financial Group lifted its position in shares of Walt Disney by 2.3% during the 4th 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 in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of Walt Disney by 0.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Rosenblatt Securities lifted their price objective on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Down 0.8%

DIS traded down $0.95 during trading hours on Friday, reaching $115.36. 6,766,517 shares of the company's stock traded hands, compared to its average volume of 8,928,304. The firm has a 50-day moving average price of $119.33 and a 200 day moving average price of $108.13. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $207.41 billion, a PE ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 EPS. Walt Disney's revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict 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.