The Walt Disney Company $DIS Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its holdings in The Walt Disney Company by 23.8%, now owning 17,683 shares valued at approximately $2.19 million.
• Several institutional investors have significantly changed their stakes in Disney, with Kingstone Capital Partners acquiring a new stake valued at $4.22 billion in the 2nd quarter.
• Disney reported $1.61 EPS for the last quarter, exceeding analysts' expectations of $1.45, and had a revenue of $23.65 billion, marking a 2.1% year-over-year increase.

Banque Pictet & Cie SA cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 23.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,683 shares of the entertainment giant's stock after selling 5,525 shares during the period. Banque Pictet & Cie SA's holdings in Walt Disney were worth $2,193,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the 2nd quarter valued at about $4,220,599,000. Nuveen LLC bought a new stake in Walt Disney in the 1st quarter valued at about $1,353,607,000. Diamond Hill Capital Management Inc. lifted its position in 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 during the last quarter. Vanguard Group Inc. lifted its position in 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 during the last quarter. Finally, GAMMA Investing LLC lifted its position in Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after purchasing an additional 2,427,728 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $113.46 on Friday. The firm has a fifty day simple moving average of $116.96 and a 200-day simple moving average of $109.44. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market capitalization of $203.99 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.63 and a beta of 1.55.

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 (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the business posted $1.39 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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