The Walt Disney Company $DIS Shares Sold by Lmcg Investments LLC

Key Points

• Lmcg Investments LLC reduced its stake in Walt Disney by 5.9%, selling 8,742 shares, leaving them with approximately $17.14 million in holdings.
• During the second quarter, several hedge funds increased their positions in Walt Disney, with First Fiduciary Investment Counsel Inc. growing its stake by 39.6%.
• Walt Disney reported a quarterly EPS of $1.61, surpassing analyst expectations, while revenue rose by 2.1% year-over-year to $23.65 billion.

Lmcg Investments LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,251 shares of the entertainment giant's stock after selling 8,742 shares during the quarter. Walt Disney accounts for approximately 1.1% of Lmcg Investments LLC's holdings, making the stock its 23rd largest position. Lmcg Investments LLC's holdings in Walt Disney were worth $17,144,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Agate Pass Investment Management LLC grew its position in shares of Walt Disney by 18.4% in the 2nd quarter. Agate Pass Investment Management LLC now owns 15,993 shares of the entertainment giant's stock worth $1,983,000 after acquiring an additional 2,486 shares in the last quarter. Davis Rea LTD. grew its position in shares of Walt Disney by 3.4% in the 2nd quarter. Davis Rea LTD. now owns 31,863 shares of the entertainment giant's stock worth $3,967,000 after acquiring an additional 1,051 shares in the last quarter. First Fiduciary Investment Counsel Inc. grew its position in shares of Walt Disney by 39.6% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 127,112 shares of the entertainment giant's stock worth $15,763,000 after acquiring an additional 36,087 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its position in shares of Walt Disney by 1.6% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 45,872 shares of the entertainment giant's stock worth $5,689,000 after acquiring an additional 702 shares in the last quarter. Finally, PDS Planning Inc grew its position in shares of Walt Disney by 9.4% in the 2nd quarter. PDS Planning Inc now owns 9,445 shares of the entertainment giant's stock worth $1,171,000 after acquiring an additional 810 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 1.6%

Shares of DIS stock opened at $109.17 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 $115.36 and a two-hundred day moving average of $110.34. The firm has a market capitalization of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.46 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. 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 analyst estimates of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DIS. Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $131.18.

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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