The Walt Disney Company $DIS Shares Sold by Exchange Capital Management Inc.

Key Points

• Exchange Capital Management Inc. reduced its stake in The Walt Disney Company by 15.8%, holding 36,091 shares worth approximately $4.48 million at the end of the second quarter.
• Several major investors increased their holdings in Disney, with DiNuzzo Private Wealth Inc. boosting its stake by 82.5% and Kessler Investment Group LLC growing its holdings by 274.0% in recent quarters.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding analysts' estimates, and achieved revenue of $23.65 billion, a 2.1% increase year-over-year.

Exchange Capital Management Inc. lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 15.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 36,091 shares of the entertainment giant's stock after selling 6,769 shares during the period. Exchange Capital Management Inc.'s holdings in Walt Disney were worth $4,476,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. boosted its stake 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 valued at $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC grew its holdings 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 valued at $27,000 after purchasing an additional 200 shares in the last quarter. First PREMIER Bank increased its stake in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after buying an additional 205 shares during the period. Finally, Capitol Family Office Inc. acquired a new stake in Walt Disney during the 1st quarter worth approximately $52,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Down 0.7%

DIS opened at $112.14 on Friday. The business's 50-day simple moving average is $116.30 and its 200-day simple moving average is $109.86. The company has a market cap of $201.62 billion, a P/E ratio of 17.58, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

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.