The Walt Disney Company $DIS Shares Sold by Invst LLC

Key Points

• Invst LLC has reduced its stake in The Walt Disney Company by 26.8%, selling 4,882 shares to hold a total of 13,340 shares valued at approximately $1.32 million.
• The company reported $1.61 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.45, with revenue amounting to $23.65 billion.
• Recent analyst ratings suggest a consensus of a "Moderate Buy" with a price target of $131.18, including one strong buy, nineteen buys, and eight hold ratings.

Invst LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 26.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,340 shares of the entertainment giant's stock after selling 4,882 shares during the quarter. Invst LLC's holdings in Walt Disney were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $27,000. Kessler Investment Group LLC raised 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 buying an additional 200 shares in the last quarter. Copia Wealth Management purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $117.10 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 stock has a fifty day moving average of $118.50 and a two-hundred day moving average of $108.99. The company has a market capitalization of $210.54 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.67 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DIS. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. raised 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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