The Walt Disney Company $DIS Shares Sold by Greenwood Capital Associates LLC

Key Points

• Greenwood Capital Associates LLC reduced its stake in Walt Disney by 27.6%, selling 16,052 shares during the second quarter, leaving it with 42,139 shares valued at approximately $5.23 million.
• Several institutional investors, including Vanguard Group and UBS, have increased their positions in Walt Disney, demonstrating a strong ongoing interest among hedge funds.
• Analysts maintain a consensus rating of "Moderate Buy" for Walt Disney, with price targets recently raised by various firms, indicating positive investor sentiment.

Greenwood Capital Associates LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 27.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,139 shares of the entertainment giant's stock after selling 16,052 shares during the quarter. Greenwood Capital Associates LLC's holdings in Walt Disney were worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the 2nd quarter worth about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp increased its position in Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after purchasing an additional 717,066 shares in the last quarter. Finally, Amundi increased its position in Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Down 0.7%

Shares of DIS stock opened at $112.14 on Friday. 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 Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a fifty day moving average of $116.30 and a two-hundred day moving average of $109.86. The firm has a market capitalization of $201.62 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

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, topping analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion during 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current 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.

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