The Walt Disney Company $DIS Shares Sold by Focused Wealth Management Inc

Key Points

• Focused Wealth Management Inc reduced its stake in The Walt Disney Company by 34.1%, selling 6,399 shares, and now holds a total of 12,362 shares valued at approximately $1.53 million.
• Several key investors have increased their positions in Disney, with Wedge Capital Management L L P NC notably raising its stake by 8,744.0% and acquiring 316,707 additional shares.
• The company reported an earnings per share (EPS) of $1.61 for the last quarter, surpassing analysts' estimates, while also showing a year-over-year revenue increase of 2.1%.

Focused Wealth Management Inc decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 34.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,362 shares of the entertainment giant's stock after selling 6,399 shares during the period. Focused Wealth Management Inc's holdings in Walt Disney were worth $1,533,000 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. J. Safra Sarasin Holding AG increased its holdings in Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. acquired a new stake in shares of Walt Disney in the first quarter worth $326,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney during the second quarter worth $4,220,599,000. Wedge Capital Management L L P NC raised its stake in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant's stock valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp raised its stake in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DIS. Stephens restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities increased their price target on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Citigroup upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 1.2%

Shares of DIS opened at $112.44 on Tuesday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. 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 stock has a fifty day simple moving average of $117.56 and a two-hundred day simple moving average of $109.22. The company has a market capitalization of $202.16 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55.

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 (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 firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast 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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