Venture Visionary Partners LLC Sells 6,927 Shares of The Walt Disney Company $DIS

Key Points

• Venture Visionary Partners LLC decreased its holdings in Walt Disney by 9.7%, selling 6,927 shares in the second quarter, leaving them with 64,721 shares worth approximately $8 million.
• Several hedge funds have also modified their positions in Disney, with significant stakes acquired by institutions like Kingstone Capital Partners and Diamond Hill Capital Management, indicating increasing institutional interest.
• Walt Disney reported a quarterly EPS of $1.61, surpassing analyst expectations, with a revenue of $23.65 billion, reflecting a 2.1% year-over-year increase.

Venture Visionary Partners LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,721 shares of the entertainment giant's stock after selling 6,927 shares during the quarter. Venture Visionary Partners LLC's holdings in Walt Disney were worth $8,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $4,220,599,000. Nuveen LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. increased 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 in the last quarter. Vanguard Group Inc. grew its holdings 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 worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 worth $1,826,930,000 after buying an additional 1,642,907 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $114.78 on Tuesday. 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 firm has a market capitalization of $206.37 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The business's 50-day moving average price is $116.83 and its 200-day moving average price is $109.72. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.67% and a net margin of 12.22%.The company's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.18.

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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