The Walt Disney Company $DIS Position Reduced by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC reduced its stake in The Walt Disney Company ($DIS) by 29.2% during Q2, leaving them with 6,342 shares valued at $786,000.
• Analysts remain generally bullish on Disney's stock, with 19 analysts issuing a Buy rating and an average price target of $132.90.
• Disney reported $1.61 earnings per share for the last quarter, exceeding analysts' expectations of $1.45, with a revenue of $23.65 billion, slightly below forecasts.

Fiduciary Family Office LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 29.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,342 shares of the entertainment giant's stock after selling 2,620 shares during the quarter. Fiduciary Family Office LLC's holdings in Walt Disney were worth $786,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney during the second quarter worth $37,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney during the second quarter worth $49,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DIS shares. Evercore ISI increased their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Rosenblatt Securities reissued a "buy" rating and set a $141.00 target price on shares of Walt Disney in a report on Friday. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Stock Up 1.2%

DIS stock opened at $112.01 on Tuesday. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm's 50-day simple moving average is $114.85 and its 200 day simple moving average is $111.19. The stock has a market cap of $201.39 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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 for 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 for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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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