The Walt Disney Company $DIS Shares Sold by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC reduced its position in The Walt Disney Company by 2.7%, holding 92,043 shares worth approximately $11.41 million after selling 2,530 shares in the second quarter.
• Walt Disney's shares have seen a fluctuation in analyst ratings, with Barclays and Citigroup both raising their price targets to $140.00, while Wall Street Zen downgraded its rating to "hold."
• As of now, Walt Disney has a market cap of $197.45 billion and reported quarterly earnings of $1.61 EPS, beating estimates while experiencing a slight revenue increase of 2.1% year-over-year.

Easterly Investment Partners LLC reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,043 shares of the entertainment giant's stock after selling 2,530 shares during the period. Easterly Investment Partners LLC's holdings in Walt Disney were worth $11,414,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney in the second quarter worth approximately $37,000. Finally, First PREMIER Bank increased its position in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Barclays lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen cut shares of Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Down 1.7%

NYSE:DIS opened at $109.82 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market cap of $197.45 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.47 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. The company's 50 day moving average is $114.89 and its 200-day moving average is $110.66.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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 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 quarter last year, the firm posted $1.39 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate 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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