The Walt Disney Company $DIS Shares Sold by Appleton Partners Inc. MA

Key Points

• Appleton Partners Inc. MA reduced its stake in The Walt Disney Company by 4.3%, selling 4,215 shares and bringing its holdings to 93,828 shares worth approximately $11.6 million.
• Multiple institutional investors, including Kingstone Capital Partners and Diamond Hill Capital Management, have significantly increased their stakes in Disney, reflecting strong institutional interest in the stock.
• Walt Disney reported $23.65 billion in revenue for the latest quarter, with earnings per share of $1.61, surpassing analysts' expectations and indicating a positive trend in performance.

Appleton Partners Inc. MA trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,828 shares of the entertainment giant's stock after selling 4,215 shares during the quarter. Appleton Partners Inc. MA's holdings in Walt Disney were worth $11,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DIS. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney in the second quarter worth $4,220,599,000. Nuveen LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at about $1,353,607,000. Diamond Hill Capital Management Inc. lifted its stake in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.3%

Shares of NYSE DIS opened at $112.49 on Monday. The stock's 50 day moving average price is $116.12 and its two-hundred day moving average price is $110.10. 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 $202.25 billion, a P/E ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Walt Disney in a research note on Saturday, September 27th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI upped their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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