DoubleLine ETF Adviser LP Lowers Stake in The Walt Disney Company $DIS

Key Points

• DoubleLine ETF Adviser LP reduced its holdings in The Walt Disney Company by 26.7% in the first quarter, totaling 31,242 shares worth approximately $3.08 million.
• Walt Disney recently reported $1.61 EPS, surpassing analysts' expectations, with a slight year-over-year revenue increase of 2.1%.
• Wall Street analysts have mixed ratings for Disney, with an average rating of "Moderate Buy" and a price target of $131.18, highlighting a range of ratings from "Strong Buy" to "Hold."

DoubleLine ETF Adviser LP reduced its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,242 shares of the entertainment giant's stock after selling 11,357 shares during the period. DoubleLine ETF Adviser LP's holdings in Walt Disney were worth $3,084,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DIS. Nuveen LLC purchased a new stake in Walt Disney during the 1st quarter worth approximately $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after buying an additional 5,449,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. increased its stake 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. Finally, Vanguard Group Inc. increased its stake in 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 buying an additional 2,446,087 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday. One equities 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 MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.88 during mid-day trading on Friday, hitting $117.93. 6,668,217 shares of the stock were exchanged, compared to its average volume of 6,294,819. The stock's fifty day simple moving average is $119.01 and its two-hundred day simple moving average is $108.78. The stock has a market capitalization of $212.03 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.71 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month 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.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.