The Walt Disney Company $DIS Position Lessened by Brown Shipley& Co Ltd

Key Points

• Brown Shipley& Co Ltd has reduced its position in The Walt Disney Company by 4.1%, now holding 73,102 shares worth approximately $7.22 million.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., increased their stakes in Walt Disney, with Vanguard now owning over 155 million shares valued at approximately $15.38 billion.
• Walt Disney reported an earnings per share of $1.61 for the latest quarter, exceeding estimates, with a revenue of $23.65 billion despite slightly missing analyst projections.

Brown Shipley& Co Ltd decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,102 shares of the entertainment giant's stock after selling 3,105 shares during the quarter. Walt Disney makes up 4.1% of Brown Shipley& Co Ltd's portfolio, making the stock its 8th biggest position. Brown Shipley& Co Ltd's holdings in Walt Disney were worth $7,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 boosted 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 valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 valued at $1,878,142,000 after acquiring an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings 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 acquiring an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 acquiring an additional 2,446,087 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $116.9360 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average price is $119.25 and its two-hundred day moving average price is $108.20. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market capitalization of $210.24 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during 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 revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIS. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Company 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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