The Walt Disney Company $DIS Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC significantly reduced its stake in Walt Disney, selling 5,387 shares and holding only 287 shares by the end of the second quarter.
• Institutional investors own 65.71% of Walt Disney's stock, with several funds recently increasing their positions, notably DiNuzzo Private Wealth Inc. which raised its stake by 82.5%.
• The company reported quarterly earnings of $1.61 EPS, exceeding analysts' expectations, with a revenue of $23.65 billion, slightly below estimates.

Interchange Capital Partners LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 94.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 287 shares of the entertainment giant's stock after selling 5,387 shares during the period. Interchange Capital Partners LLC's holdings in Walt Disney were worth $36,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. lifted its position 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 valued at $26,000 after acquiring an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at $26,000. Kessler Investment Group LLC lifted its position 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 valued at $27,000 after acquiring an additional 200 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $49,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock valued at $57,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities lifted their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen cut Walt Disney from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Stock Up 0.5%

DIS opened at $111.74 on Thursday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50-day moving average of $114.96 and a 200-day moving average of $110.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $200.90 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54.

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