Vaughan Nelson Investment Management L.P. Cuts Holdings in The Walt Disney Company $DIS

Key Points

• Vaughan Nelson Investment Management L.P. has reduced its holdings in The Walt Disney Company by 42.6%, now owning 915,274 shares valued at approximately $113.5 million.
• Institutional ownership of Walt Disney stands at 65.71%, with notable recent increases in holdings from firms like DiNuzzo Private Wealth and Kessler Investment Group.
• Walt Disney reported earnings per share of $1.61, exceeding analyst expectations, while quarterly revenue was $23.65 billion, slightly below estimates.

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 42.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 915,274 shares of the entertainment giant's stock after selling 678,868 shares during the quarter. Walt Disney makes up approximately 1.1% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 28th biggest holding. Vaughan Nelson Investment Management L.P. owned about 0.05% of Walt Disney worth $113,503,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney during the 1st quarter valued at about $26,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock valued at $57,000 after buying an additional 135 shares during the last quarter. Finally, First PREMIER Bank raised its stake in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after buying an additional 205 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research note on Saturday, September 27th. Finally, Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Up 0.3%

NYSE DIS opened at $112.49 on Friday. The company has a market capitalization of $202.25 billion, a PE ratio of 17.63, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a fifty day moving average of $116.12 and a 200 day moving average of $109.95. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

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 analysts' consensus estimates of $1.45 by $0.16. The company 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%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 earnings per share. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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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