Van Lanschot Kempen Investment Management N.V. Sells 59,128 Shares of The Walt Disney Company $DIS

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in The Walt Disney Company by 42.1%, selling 59,128 shares, leaving them with 81,264 shares valued at approximately $8 million.
• Hedge funds are active in Disney's stock, with notable transactions including Nuveen LLC investing over $1.35 billion and DZ BANK AG increasing its holdings by 1,900%.
• Walt Disney reported earnings of $1.61 per share for the last quarter, surpassing estimates and showing a 2.1% increase in revenue year-over-year.

Van Lanschot Kempen Investment Management N.V. reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 42.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,264 shares of the entertainment giant's stock after selling 59,128 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Walt Disney were worth $8,021,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DIS. Nuveen LLC bought a new position in Walt Disney in the first quarter worth approximately $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in 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 purchasing an additional 2,446,087 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of 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 research note on Monday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Down 0.3%

Shares of Walt Disney stock opened at $116.2030 on Wednesday. The firm's 50 day simple moving average is $119.29 and its two-hundred day simple moving average is $108.14. The firm has a market capitalization of $208.92 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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

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