The Walt Disney Company $DIS Shares Sold by Franklin Street Advisors Inc. NC

Key Points

• Franklin Street Advisors Inc. NC has reduced its stake in The Walt Disney Company by 1.3% during the 2nd quarter, now holding 216,728 shares, which constitute about 1.7% of its total portfolio.
• Analysts are optimistic about Disney, with 19 analysts giving a "Buy" rating and an average price target of $131.18, while shares recently performed well with a price opening at $112.49.
• The Walt Disney Company reported EPS of $1.61 in its latest earnings, surpassing estimates and reflecting a 2.1% year-over-year revenue increase at $23.65 billion.

Franklin Street Advisors Inc. NC reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 216,728 shares of the entertainment giant's stock after selling 2,860 shares during the quarter. Walt Disney comprises about 1.7% of Franklin Street Advisors Inc. NC's holdings, making the stock its 18th largest position. Franklin Street Advisors Inc. NC's holdings in Walt Disney were worth $26,876,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Walt Disney by 82.5% during 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 during the period. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% during 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 during the period. First PREMIER Bank grew its stake in shares of 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 purchasing an additional 205 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth $52,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup boosted 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, Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research report on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Price Performance

NYSE:DIS opened at $112.49 on Friday. The firm has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company's 50-day moving average is $116.12 and its two-hundred day moving average is $109.95. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its 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. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Research analysts expect 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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