The Walt Disney Company $DIS Shares Sold by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC reduced its stake in The Walt Disney Company by 74.4% during the second quarter, holding 7,406 shares worth approximately $918,000 after selling 21,518 shares.
• Institutional investors now own 65.71% of Disney's stock, with notable boosts from firms like Vanguard and UBS AM in recent quarters.
• Walt Disney reported an EPS of $1.61 for the last quarter, exceeding the consensus estimate of $1.45, while revenue showed a 2.1% year-over-year increase.

Trivium Point Advisory LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 74.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,406 shares of the entertainment giant's stock after selling 21,518 shares during the period. Trivium Point Advisory LLC's holdings in Walt Disney were worth $918,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the 2nd quarter worth about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after buying an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after buying an additional 717,066 shares during the last quarter. Finally, Amundi boosted its holdings in Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after buying an additional 1,520,513 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 0.3%

DIS stock opened at $114.47 on Wednesday. The firm has a market cap of $205.81 billion, a PE ratio of 17.94, a PEG ratio of 1.66 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 $116.70 and its 200-day moving average price is $109.75. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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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