The Walt Disney Company $DIS Holdings Trimmed by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in The Walt Disney Company by 12.0% during the second quarter, holding 819,011 shares now valued at approximately $101.57 million.
• Walt Disney reported $1.61 earnings per share for the last quarter, surpassing analysts' expectations of $1.45, while revenue grew by 2.1% compared to the previous year.
• Nineteen analysts have rated Walt Disney’s stock as a Buy, predicting an average price target of $131.18.

TD Asset Management Inc reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 819,011 shares of the entertainment giant's stock after selling 111,545 shares during the period. TD Asset Management Inc's holdings in Walt Disney were worth $101,566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. increased its stake in Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock valued at $323,000 after acquiring an additional 87 shares during the period. Childress Capital Advisors LLC grew its stake in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after buying an additional 87 shares during the last quarter. Apollon Financial LLC lifted its position in shares of Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock worth $755,000 after purchasing an additional 87 shares in the last quarter. Community Bank N.A. lifted its position in shares of Walt Disney by 0.4% during the second quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant's stock worth $2,858,000 after purchasing an additional 89 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after purchasing an additional 94 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.8%

DIS opened at $111.12 on Wednesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $199.79 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.45 and a beta of 1.54. The company's 50 day moving average price is $115.03 and its two-hundred day moving average price is $110.57.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DIS. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target 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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