Crake Asset Management LLP Has $30.89 Million Stake in The Walt Disney Company $DIS

Key Points

• Crake Asset Management LLP significantly reduced its holdings in The Walt Disney Company by 70.9%, retaining 313,000 shares which now represent approximately 2.5% of its total portfolio.
• Disney's latest earnings report showed an EPS of $1.61, exceeding analysts' expectations, with a revenue of $23.65 billion, reflecting a 2.1% year-over-year growth.
• Brokerages are optimistic about Disney's stock, with raised price targets and a consensus rating of "Moderate Buy", indicating a positive outlook among analysts.

Crake Asset Management LLP trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 70.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,000 shares of the entertainment giant's stock after selling 762,149 shares during the period. Walt Disney comprises about 2.5% of Crake Asset Management LLP's investment portfolio, making the stock its 9th biggest position. Crake Asset Management LLP's holdings in Walt Disney were worth $30,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. J. Safra Sarasin Holding AG boosted its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $326,000. WoodTrust Financial Corp boosted its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton boosted its position in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $24,373,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.7%

Shares of DIS traded down $0.88 on Friday, reaching $117.93. 6,668,217 shares of the company's stock were exchanged, compared to its average volume of 6,294,819. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $212.03 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The business has a 50 day moving average price of $119.01 and a two-hundred day moving average price of $108.78. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Stephens restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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.