Sowell Financial Services LLC Sells 4,131 Shares of The Walt Disney Company $DIS

Key Points

• Sowell Financial Services LLC reduced its stake in The Walt Disney Company by 7.2%, now holding 52,974 shares valued at approximately $6.57 million.
• Walt Disney reported earnings of $1.61 per share for the latest quarter, exceeding consensus estimates of $1.45, with a revenue of $23.65 billion.
• Institutional investors and hedge funds own 65.71% of Walt Disney's stock, reflecting significant interest from larger entities in the company's performance.

Sowell Financial Services LLC trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,974 shares of the entertainment giant's stock after selling 4,131 shares during the quarter. Sowell Financial Services LLC's holdings in Walt Disney were worth $6,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DIS. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the 2nd quarter valued at $4,220,599,000. Nuveen LLC acquired a new stake in shares of Walt Disney in the 1st quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. raised its holdings in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after buying an additional 2,427,728 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on DIS. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Trading Down 0.5%

DIS stock traded down $0.59 during midday trading on Tuesday, reaching $111.97. 8,815,153 shares of the company traded hands, compared to its average volume of 9,503,596. 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 business has a 50 day moving average of $117.56 and a 200-day moving average of $109.22. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a market capitalization of $201.32 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.