The Walt Disney Company $DIS Holdings Lessened by Newport Trust Company LLC

Key Points

• Newport Trust Company LLC reduced its stake in The Walt Disney Company by 1.6%, now holding approximately 11.5 million shares worth $1.14 billion.
• Barclays and Morgan Stanley both raised their price targets for Disney to $140, maintaining an "overweight" rating on the stock.
• The Walt Disney Company reported earnings of $1.61 per share, exceeding expectations, with revenues reaching $23.65 billion for the quarter.

Newport Trust Company LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,518,830 shares of the entertainment giant's stock after selling 186,312 shares during the period. Walt Disney makes up approximately 2.9% of Newport Trust Company LLC's investment portfolio, making the stock its 9th biggest position. Newport Trust Company LLC owned 0.64% of Walt Disney worth $1,136,909,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. First Trust Advisors LP raised its position in Walt Disney by 349.6% in the 4th quarter. First Trust Advisors LP now owns 366,221 shares of the entertainment giant's stock worth $40,779,000 after purchasing an additional 284,761 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Walt Disney by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after purchasing an additional 192,871 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Walt Disney by 49.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 52,500 shares of the entertainment giant's stock valued at $5,846,000 after buying an additional 17,349 shares during the period. Finally, Syon Capital LLC grew its stake in shares of Walt Disney by 38.2% during the fourth quarter. Syon Capital LLC now owns 8,586 shares of the entertainment giant's stock valued at $956,000 after buying an additional 2,373 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities lifted their target price 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 upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Trading Down 0.7%

NYSE DIS opened at $116.2350 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. 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 capitalization of $208.98 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.56. The company's 50-day simple moving average is $119.20 and its two-hundred day simple moving average is $108.21.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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 firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS 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.

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