NFJ Investment Group LLC Sells 3,845 Shares of The Walt Disney Company $DIS

Key Points

• NFJ Investment Group LLC reduced its holdings in The Walt Disney Company by 1.5%, now owning 255,315 shares valued at approximately $25.2 million.
• The company's stock price opened at $118.82, while shares have experienced a 12-month low of $80.10 and a high of $124.69.
• Walt Disney's latest earnings report showed a profit of $1.61 per share, exceeding analysts' expectations of $1.45, despite a slight decrease in revenue compared to estimates.

NFJ Investment Group LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,315 shares of the entertainment giant's stock after selling 3,845 shares during the period. NFJ Investment Group LLC's holdings in Walt Disney were worth $25,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth about $26,000. Kessler Investment Group LLC grew its position 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 valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management bought a new stake in Walt Disney in the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Up 0.7%

DIS traded up $0.86 during trading on Monday, hitting $118.77. 6,449,011 shares of the stock traded hands, compared to its average volume of 9,486,525. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $213.54 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The firm has a 50-day moving average of $119.01 and a 200 day moving average of $108.77.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DIS. Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday. JPMorgan Chase & Co. lifted 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. Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Stephens reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.