The Walt Disney Company $DIS Shares Sold by H&H International Investment LLC

Key Points

• H&H International Investment LLC reduced its stake in The Walt Disney Company by 3.1%, selling 23,000 shares, which now represent about 0.6% of its portfolio, valued at $71.36 million.
• Walt Disney reported a quarterly EPS of $1.61, exceeding analysts' estimates of $1.45, while revenues increased by 2.1% year-over-year.
• Analysts are optimistic about Disney's stock, with an average rating of "Moderate Buy" and a price target of $131.18, with some firms adjusting targets as high as $141.00.

H&H International Investment LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 723,000 shares of the entertainment giant's stock after selling 23,000 shares during the period. Walt Disney comprises about 0.6% of H&H International Investment LLC's portfolio, making the stock its 8th largest holding. H&H International Investment LLC's holdings in Walt Disney were worth $71,360,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. J. Safra Sarasin Holding AG increased its stake in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new stake in shares of Walt Disney in the first quarter valued at about $326,000. WoodTrust Financial Corp lifted its stake in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton lifted its stake in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the period. Finally, Lodge Hill Capital LLC acquired a new stake in shares of Walt Disney during the first quarter worth approximately $24,373,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE DIS opened at $117.26 on Thursday. 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 has a market capitalization of $210.83 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.71 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a 50-day moving average price of $119.15 and a two-hundred day moving average price of $108.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted 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 the consensus estimate of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Rosenblatt Securities raised their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" 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. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, 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 note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney 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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