DCM Advisors LLC Has $8.63 Million Stock Position in The Walt Disney Company $DIS

Key Points

• DCM Advisors LLC reduced its stake in The Walt Disney Company by 3.9%, owning 87,823 shares worth approximately $8.63 million after selling 3,527 shares.
• Walt Disney recently reported $1.61 EPS for the quarter, exceeding analyst expectations and showing a 2.1% increase in revenue year-over-year.
• Analysts have mixed ratings for Walt Disney, with one Strong Buy, nineteen Buy, and eight Hold ratings, while the average target price is $131.18.

DCM Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,823 shares of the entertainment giant's stock after selling 3,527 shares during the quarter. Walt Disney accounts for approximately 4.6% of DCM Advisors LLC's holdings, making the stock its 7th biggest holding. DCM Advisors LLC's holdings in Walt Disney were worth $8,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. Graham Capital Management L.P. bought a new position in Walt Disney during the 4th quarter valued at about $1,716,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in Walt Disney in the 4th quarter worth about $238,000. Laurion Capital Management LP bought a new stake in Walt Disney in the fourth quarter worth about $225,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $60,580,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Down 0.9%

Shares of Walt Disney stock traded down $1.06 during trading on Friday, hitting $116.02. 7,636,152 shares of the stock traded hands, compared to its average volume of 9,426,548. 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 stock's fifty day simple moving average is $118.50 and its 200 day simple moving average is $108.99. The firm has a market cap of $208.60 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.67 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results 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 company had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.