The Walt Disney Company $DIS Stock Holdings Lowered by Birch Hill Investment Advisors LLC

Key Points

• Birch Hill Investment Advisors LLC reduced its holdings in The Walt Disney Company by 21.0% during the second quarter, now owning 15,840 shares valued at $1,964,000.
• Various institutional investors, including Kingstone Capital Partners and Nuveen LLC, have made significant new investments or increased their stakes in Walt Disney recently.
• The company's quarterly earnings surpassed estimates, reporting $1.61 EPS on $23.65 billion revenue, reflecting a 2.1% increase compared to the same quarter last year.

Birch Hill Investment Advisors LLC reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 21.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,840 shares of the entertainment giant's stock after selling 4,205 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Walt Disney were worth $1,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the second quarter valued at approximately $4,220,599,000. Nuveen LLC acquired a new stake in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the period. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Walt Disney by 9.7% during the first 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 valued at $1,826,930,000 after acquiring an additional 1,642,907 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $114.32 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $114.86 and a 200 day simple moving average of $111.21. The company has a market cap of $205.54 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities reiterated a "buy" rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $132.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.