Kapitalo Investimentos Ltda Trims Stock Position in The Walt Disney Company $DIS

Key Points

• Kapitalo Investimentos Ltda significantly decreased its stake in The Walt Disney Company by 62.9%, selling 76,199 shares and now holding 44,901 shares worth approximately $5.57 million.
• Walt Disney recently reported earnings of $1.61 EPS, surpassing estimates by $0.16, with revenue of $23.65 billion for the quarter.
• Multiple analysts have increased their price targets for Disney, with UBS Group raising its target from $120 to $138, indicating strong market confidence in the company's stock.

Kapitalo Investimentos Ltda reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 62.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,901 shares of the entertainment giant's stock after selling 76,199 shares during the quarter. Walt Disney makes up about 1.2% of Kapitalo Investimentos Ltda's portfolio, making the stock its 19th largest holding. Kapitalo Investimentos Ltda's holdings in Walt Disney were worth $5,568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% in the first 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 bought a new stake in shares of Walt Disney in the 4th quarter worth about $36,000. Vermillion Wealth Management Inc. bought a new stake in Walt Disney in the fourth quarter worth about $39,000. Finally, First PREMIER Bank grew its stake in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

DIS traded down $1.32 on Monday, hitting $112.44. 15,433,461 shares of the stock were exchanged, compared to its average volume of 7,101,095. The business has a 50-day moving average of $117.56 and a two-hundred day moving average of $109.22. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. 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 firm has a market capitalization of $202.16 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm 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 company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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.