ST Germain D J Co. Inc. Sells 19,604 Shares of The Walt Disney Company $DIS

Key Points

• ST Germain D J Co. Inc. reduced its holdings in The Walt Disney Company by 52.3%, selling 19,604 shares in the second quarter, leaving them with 17,894 shares valued at approximately $2.22 million.
• The Walt Disney Company's most recent quarterly earnings reported $1.61 EPS, exceeding the consensus estimate of $1.45, with $23.65 billion in revenue.
• Analysts have generally given Disney a "Moderate Buy" rating, with an average target price of $131.18, following various upgrades and reiterations of buy and hold ratings from different equity analysts.

ST Germain D J Co. Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 52.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,894 shares of the entertainment giant's stock after selling 19,604 shares during the period. ST Germain D J Co. Inc.'s holdings in Walt Disney were worth $2,219,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Swisher Financial Concepts Inc. purchased a new position in shares of Walt Disney during the second quarter valued at $213,000. Novem Group purchased a new position in shares of Walt Disney during the second quarter valued at $226,000. Strategic Investment Solutions Inc. IL increased its stake in shares of Walt Disney by 33.6% during the second quarter. Strategic Investment Solutions Inc. IL now owns 2,685 shares of the entertainment giant's stock valued at $333,000 after buying an additional 675 shares during the period. Five Oceans Advisors increased its stake in shares of Walt Disney by 8.8% during the second quarter. Five Oceans Advisors now owns 2,441 shares of the entertainment giant's stock valued at $303,000 after buying an additional 197 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Walt Disney by 2.4% during the second quarter. LS Investment Advisors LLC now owns 75,434 shares of the entertainment giant's stock valued at $9,355,000 after buying an additional 1,738 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $113.46 on Friday. 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 company has a market cap of $203.99 billion, a PE ratio of 17.78, a P/E/G ratio of 1.63 and a beta of 1.55. The business has a 50-day simple moving average of $116.96 and a two-hundred day simple moving average of $109.44. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on DIS shares. Citigroup raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $131.18.

About Walt Disney

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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