The Walt Disney Company $DIS Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its stake in Walt Disney by 13.4%, holding 50,006 shares valued at approximately $6.2 million after selling 7,755 shares.
• Analysts have upgraded their price targets for Walt Disney, with Citigroup increasing it to $140.00 and UBS Group to $138.00, while the stock holds a consensus rating of "Moderate Buy" with a target price of $131.18.
• Walt Disney reported $1.61 EPS for the quarter, surpassing estimates by $0.16, while revenue was slightly below forecast at $23.65 billion, showing a 2.1% year-over-year growth.

MassMutual Private Wealth & Trust FSB trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 13.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,006 shares of the entertainment giant's stock after selling 7,755 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Walt Disney were worth $6,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the 1st quarter worth approximately $26,000. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the period. Copia Wealth Management acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, September 4th. Citigroup upped their price target 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. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One equities research 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Down 0.3%

Walt Disney stock opened at $115.30 on Wednesday. The firm has a market cap of $207.30 billion, a PE ratio of 18.07, a P/E/G ratio of 1.67 and a beta of 1.55. 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 firm's 50 day moving average price is $118.06 and its two-hundred day moving average price is $109.05. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. On average, research analysts predict 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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