The Walt Disney Company $DIS Shares Sold by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in The Walt Disney Company by 1.1%, now holding 1,416,537 shares valued at approximately $177 million.
• The company's quarterly earnings report revealed earnings per share of $1.61, exceeding analysts' expectations of $1.45, while revenue was reported at $23.65 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for Disney shares, with a target price averaging around $132.90.

DekaBank Deutsche Girozentrale lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,416,537 shares of the entertainment giant's stock after selling 16,251 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Walt Disney worth $177,296,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its position in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $26,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the 2nd quarter worth approximately $37,000. Finally, RMG Wealth Management LLC purchased a new stake in Walt Disney in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 1.2%

Shares of DIS stock opened at $112.01 on Tuesday. The stock's fifty day moving average is $114.85 and its two-hundred day moving average is $111.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $201.39 billion, a P/E ratio of 17.56, a PEG ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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 for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for 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 firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.90.

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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