Westpac Banking Corp Sells 6,487 Shares of The Walt Disney Company (NYSE:DIS)

Westpac Banking Corp cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,383 shares of the entertainment giant's stock after selling 6,487 shares during the quarter. Westpac Banking Corp's holdings in Walt Disney were worth $1,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Walt Disney by 1.6% in 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. Northern Trust Corp lifted its holdings in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares in the last quarter. Bank of New York Mellon Corp grew its position in Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after purchasing an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Finally, Nuveen LLC bought a new stake in Walt Disney during the 1st quarter valued at $1,353,607,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Walt Disney in a research report on Monday. Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Up 1.1%

Shares of NYSE DIS opened at $113.82 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $204.64 billion, a PE ratio of 17.84, a P/E/G ratio of 1.63 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business's fifty day moving average price is $119.16 and its 200-day moving average price is $108.02.

Walt Disney (NYSE:DIS - Get Free Report) last released 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 business had revenue of $23.65 billion for 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 company's 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 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS 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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