The Walt Disney Company $DIS Shares Sold by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its holdings in The Walt Disney Company by 34.1%, owning 5,030 shares valued at $624,000 after selling 2,606 shares during the 2nd quarter.
• Despite some investors reducing their stakes, other firms such as Calamos Wealth Management LLC and Crux Wealth Advisors saw increases of 7.7% and 38.6% respectively in their Walt Disney shares during the same period.
• Walt Disney's stock has recently been rated a "Moderate Buy" with an average target price of $132.90, reflecting a mix of buy and hold ratings from analysts.

Birmingham Capital Management Co. Inc. AL reduced its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,030 shares of the entertainment giant's stock after selling 2,606 shares during the period. Birmingham Capital Management Co. Inc. AL's holdings in Walt Disney were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Calamos Wealth Management LLC grew its stake in Walt Disney by 7.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 11,878 shares of the entertainment giant's stock valued at $1,473,000 after purchasing an additional 846 shares during the last quarter. Parthenon LLC boosted its stake in shares of Walt Disney by 1.0% in the second quarter. Parthenon LLC now owns 75,026 shares of the entertainment giant's stock worth $9,304,000 after buying an additional 730 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in shares of Walt Disney by 2.9% in the second quarter. Salomon & Ludwin LLC now owns 3,739 shares of the entertainment giant's stock worth $460,000 after buying an additional 105 shares during the last quarter. Forvis Mazars Wealth Advisors LLC boosted its stake in shares of Walt Disney by 3.9% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 54,418 shares of the entertainment giant's stock worth $6,748,000 after buying an additional 2,067 shares during the last quarter. Finally, Crux Wealth Advisors boosted its stake in shares of Walt Disney by 38.6% in the second quarter. Crux Wealth Advisors now owns 10,753 shares of the entertainment giant's stock worth $1,334,000 after buying an additional 2,992 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.90.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $110.69 on Monday. The business has a 50 day simple moving average of $114.86 and a two-hundred day simple moving average of $110.99. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $199.00 billion, a P/E ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.